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:

Student Loans

Financial loans provided to students to help pay for educational expenses, typically to be repaid after completion of studies.

Liable

The state of being legally responsible for something, particularly in the context of obligations or debts.

Void

A term describing a contract or agreement that lacks legal validity and enforceability from the outset.

Mentally Impaired

Refers to individuals experiencing a decrease in cognitive, emotional or behavioral functioning, which impacts their ability to participate in daily activities.