What Is the Payable Period for a Firm with Average

question 57

Multiple Choice

What is the payable period for a firm with average accounts payable of $4 million and annual cost of goods sold of $44 million.

• A) 20.0 days
• B) 30.0 days
• C) 35.6 days
• D) 33.2 days

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Definitions:

Interaction

In the context of statistics and experimental design, interaction refers to a situation where the effect of one independent variable on the dependent variable varies according to the level of another independent variable.

Factorial ANOVA

A statistical test used to examine the effects of two or more independent variables on a dependent variable simultaneously.

Pet Food

Specially formulated food items designed to meet the nutritional needs of domestic pets.

Factorial ANOVA

A statistical test used to determine the effect of two or more categorical independent variables on a continuous dependent variable.