A Company's Accounts Payable Total $360,960

question 35

Multiple Choice

A company's accounts payable total $360,960. If the company takes 60 days to pay its outstanding accounts, what is the value of the company's annual credit purchases?

• A) $2,195,840
• B) $2,165,700
• C) $6,016,000
• D) $21,958,400
• E) $21,657,600

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Definitions:

Conditioning

A process of behavioral modification by which a subject comes to associate a desired behavior with a previously unrelated stimulus.

Diverse Work Environment

A workplace that includes a wide range of differences among its employees, including race, gender, ethnicity, sexual orientation, age, and abilities.

Effective Diversity Practices

Strategies and actions that promote inclusion and respect for differences among team members or within organizations.

Effective Leader

An individual who achieves desired results or goals through inspiring, motivating, and guiding others in a positive and strategic manner.