The Down Towner Has Sales of $748,320 and Average Accounts

question 23

Multiple Choice

The Down Towner has sales of $748,320 and average accounts payable of $128,209.The cost of goods sold is equivalent to 62 percent of sales.How long does it take the company to pay its suppliers?

• A)74.07 days
• B)93.45 days
• C)79.69 days
• D)100.86 days
• E)89.85 days

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Definitions:

Avoidance

A psychological coping mechanism that entails keeping away from certain thoughts, feelings, or situations that may cause distress.

CAM

Complementary and alternative medicine; a group of diverse medical and health care systems, practices, and products not presently considered to be part of conventional medicine.

Caucasians

A term historically used to refer to people of European, North African, or Southwest Asian heritage, though its scientific validity and appropriateness are increasingly questioned.

Age Groups

Categorizations of populations based on age, often used in research, marketing, and policy development to address specific needs or characteristics.