Determine the Value of Accounts Payable Given the Following Information

question 98

Multiple Choice

Determine the value of Accounts Payable given the following information: $$\begin{array} { | l | c | } \hline { \text { Data: } } & \\\hline \text { Average Irveritory } & 3,000.00 \\\hline \text { Average AR } & 5,000.00 \\\hline \text { Average AP } & ? \\\hline \text { sales } & 40,000.00 \\\hline \text { COGs } & 30,000.00 \\\hline \text { Cash Corversion Cycle } & 64.48 \\\hline \text { Irventory Period } & 36.50 \\\hline \text { Receivable Period } & 45.63 \\\hline\end{array}$$

• A)$4,450
• B)$3,450
• C)$2,450
• D)$1,450

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Definitions:

DAX

The Deutsche Aktienindex, a stock market index consisting of the 40 major German companies trading on the Frankfurt Stock Exchange.

German Stock Market

The stock market based in Germany, primarily represented by the Frankfurt Stock Exchange, where securities of German companies are traded.

Index

A statistical measure representing the change in a specified set of data points, often used in finance to track the performance of a group of stocks or bonds.