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 =

Comprehend the impact of social media usage on self-perception and interpersonal relationships.

Recognize the role of achievement motivation in personal success and high-standard goal setting.

Identify key theories of motivation and their implications for behavior.

Grasp the significance and prevalence of social networking among college students.

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Definitions:

Arrange All

A feature in many software applications that organizes open windows or documents so they are all visible on the screen simultaneously.

View Tab

A feature in many software applications that provides different options or commands for viewing and navigating the content or document.

Transparency

The characteristic of an object or image that allows light to pass through it, resulting in it being see-through or translucent.

Dimensions

Refers to the measurable attributes of objects, such as height, width, and depth, often used in various scientific, engineering, and design fields.