A Firm Has Average Daily Expenses of $2

question 52

Multiple Choice

A firm has average daily expenses of $2.13 million and average accounts payable of $112.7 million.On average,how many days does it take the firm to pay its bills?

• A) 63.47 days
• B) 52.91 days
• C) 48.19 days
• D) 59.03 days

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Definitions:

Equilibrium

Equilibrium is a state of balance or stability within a system, achieved through the equal action of opposing forces.

Drive-Reduction Theory

A theory of motivation proposing that the primary purpose of behavior is the reduction of drives, which are state of tension or arousal caused by biological or physiological needs.

Homeostatic

Pertaining to homeostasis, the process by which a steady state of internal conditions is maintained in a living organism despite external changes.

Tension

Tension refers to a state of mental or emotional strain or stress that arises from demanding circumstances.