Find the Average Payment Period If Accounts Payable Is $20,000

question 45

Multiple Choice

Find the average payment period if accounts payable is $20,000, cost of goods sold is $200,000, and sales are $500,000.

• A) 10
• B) 36.5
• C) 25
• D) 14.6

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Definitions:

Secularization Thesis

Says that religious institutions, actions, and consciousness are on the decline worldwide.

Civil Religion

A set of beliefs, symbols, and rituals integrating religious and national identities, often invoked to unite citizens and provide a sacred foundation for patriotism.

Political System

The structured set of principles and guidelines through which a country or organization governs its members, including the roles and responsibilities of the government and its citizens.

Inequalities

The unequal distribution of resources, opportunities, and rights among individuals or groups in society, leading to disparities in wealth, health, and social status.