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Modern Sound has sales of $811,000 and average accounts payable of $87,400.The cost of goods sold is equivalent to 72 percent of sales.How long does it take the firm to pay its suppliers?
Grapevines
In an organizational context, grapevines refer to the informal channels of communication where information, rumors, and gossip spread among employees outside official channels.
Resale
The act of selling a product or good that one has purchased, to another buyer.
Rebuttal
A counterargument or contradiction against a previous argument, often used in debates or legal proceedings.
Revise
The process of reviewing and altering text or plans to improve clarity, quality, or efficiency.
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