A Firm Has Average Daily Expenses of $2

question 52

Multiple Choice

A firm has average daily expenses of $2.13 million and average accounts payable of $112.7 million.On average,how many days does it take the firm to pay its bills?

• A) 63.47 days
• B) 52.91 days
• C) 48.19 days
• D) 59.03 days

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Definitions:

Spatial Abilities

The capacity to understand, reason, and remember the spatial relations among objects or space.

Delivery

The process of giving birth to a baby or the action of delivering goods or services.

Labor

Occurs at about 40 weeks of pregnancy, or 38 weeks after conception; also known as childbirth.

Placenta

An organ that develops in the uterus during pregnancy, providing oxygen and nutrients to the growing baby and removing waste products from the baby's blood.