Which of the Following Transactions Will Decrease the Accounts Payable

question 45

Multiple Choice

Which of the following transactions will decrease the accounts payable turnover ratio?

• A)Using cash to pay an accounts payable balance.
• B)Selling inventory on account.
• C)Selling inventory for cash.
• D)A customer returning inventory purchased on account.

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Definitions:

Employment Opportunities

Available job positions or openings that people can apply to for work.

Open System

An organization or entity that interacts with its environment, exchanging information, materials, or energy.

Resource Inputs

The materials, capital, labor, and other resources required to produce goods or services in an organization.

Product Outputs

The final products or services that result from a company’s production process.