LoDo Has Sales of £642,000 and Average Trade Payables of £36,400.The

question 38

Multiple Choice

LoDo has sales of £642,000 and average trade payables of £36,400.The cost of goods sold is equivalent to 65% of sales.How long does it take LoDo to pay its suppliers?

• A)11.46 days.
• B)13.45 days.
• C)20.69 days.
• D)26.18 days.
• E)31.85 days.

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Definitions:

Nation of Immigrants

Refers to the concept that a country is largely made up of immigrants and their descendants, emphasizing the diversity and multicultural aspects of its population.

Productivity Growth

An increase in the efficiency of production, often measured by the amount of goods and services produced per unit of labor.

Labor Force

All the members of a particular organization or population who are able to work, viewed collectively.

Productivity Per Worker

A measure of output produced per unit of labor, often used to gauge the efficiency and performance of an economy's workforce.