Average Payment Period Can Be Calculated as Accounts Payable Divided

question 81

True/False

Average payment period can be calculated as accounts payable divided by average sales per day.

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Definitions:

Ester

An organic compound made by replacing the hydrogen of an acid by an alkyl or other organic group, often resulting in distinctive fragrances.

Molecules

Molecules are groups of atoms bonded together, representing the smallest fundamental unit of a chemical compound that can take part in a chemical reaction.

Structure

The organization and connections between different parts or elements within a complex structure.

Hydrogen Bonding

A weak type of chemical bond that is common in water and organic compounds, arising from the attractive force between a hydrogen atom covalently bonded to a very electronegative atom (such as oxygen or nitrogen) and another electronegative atom.