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:

Product Prices

The amount of money required to purchase a good or service, often influenced by factors such as production costs, competition, and demand.

Narrow Range

A situation where variations or differences within data points, options, or outcomes are minimal or significantly limited.

Blue Ocean Strategy

A business strategy that focuses on creating new market spaces (blue oceans) where there is no competition, as opposed to competing in existing industries (red oceans).

Competitive Advantage

A situation or factor that places a company in an advantageous or dominant position over its rivals in the business.