What Is the Accounts Payable Period Given Annual Sales =

question 84

Multiple Choice

What is the accounts payable period given 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

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Definitions:

Corporate Takeovers

The process by which a company acquires control over another company, either through a direct purchase of shares or through other strategies.

Tender Offer

A public offer made by a prospective acquirer to purchase a substantial portion of the shares of another company, directly from its shareholders.

Joint Venture

A business arrangement where two or more parties agree to pool their resources for the purpose of accomplishing a specific task or business activity.

Stockholders

Individuals or entities that own shares in a corporation, thereby holding a portion of the company's equity.