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:

Physical Maturation

The process of physical growth and development of the body, reaching full biological adulthood and sexual development.

Social Environment

The immediate physical and social setting in which people live or in which something happens or develops.

Genetic Predisposition

The increased likelihood of developing a particular disease or trait based on a person's genetic makeup.

Cognitive Development

The process of growth and change in intellectual capabilities, influencing how an individual perceives, thinks, and understands their world.