Your Accountant Suspects a Mistake in the Computation of the Payables

question 36

Multiple Choice

Your accountant suspects a mistake in the computation of the payables period, which has been reported at 54.75 days.Calculate the correct payables period, given the following: annual sales = $1,200,000, annual cost of goods sold = $700,000, average accounts payable = $105,000.

• A)31.94 days
• B)54.75 days
• C)179.58 days
• D)212.92 days payable period =

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Definitions:

Birth Difficulties

Complications or challenges that occur during the process of childbirth.

Prefrontal Cortex

A part of the brain located at the front of the frontal lobe, involved in complex behaviors including planning, decision making, and moderating social behavior.

Hippocampus

A critical part of the brain involved in memory formation and spatial navigation.

Long-Term Memories

Memories that can be retained for long periods, potentially a lifetime, including facts, experiences, and skills.