What Is the Payable Period for a Firm with Average

question 52

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 payables period =

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Definitions:

Constructive Bargaining

Negotiation characterized by cooperative strategies aimed at mutual benefit.

High Trust

A situation or relationship characterized by a strong belief in the reliability, truth, ability, or strength of a party, often critical for successful negotiations.

High Distrust

Characterizes a situation or relationship where there is a significant lack of confidence or reliability in one or more parties.

GRIT Strategy

A method proposed for de-escalating conflict, involving the announcement of conciliatory intentions and the invitation for the other side to reciprocate.