Average Daily Expenses Are $50

question 26

Multiple Choice

Average daily expenses are $50.8 million.Average accounts payable are $3,743.5 million.The average number of days that it takes the company to pay its bills (the average payment delay) is therefore:

• A) 63.7 days.
• B) 73.7 days.
• C) 83.7 days.
• D) 93.7 days.

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Definitions:

Factory Lunchroom

An area within a manufacturing facility allocated for employee meals and breaks.

Receiving Report

A document used to confirm the receipt of goods delivered, detailing the quantity and condition of the items.

Receiving Department

The section of a company responsible for the acceptance, inspection, and management of incoming goods or materials.

Work in Process

Partially finished goods undergoing manufacture, situated between raw materials and finished products in accounting and inventory.