If Accounts Payable Are Paid 12 Times a Year,what,on Average,is

question 37

Multiple Choice

If accounts payable are paid 12 times a year,what,on average,is the accounts payable turnover period in days?

• A) 20 days.
• B) 12 days.
• C) 30.4 days.
• D) None of the above.

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Definitions:

Transaction

An event or activity that impacts the financial position of a company, typically involving the exchange of goods, services, or money.

Relevant

Relevant, in a financial or accounting context, refers to information that is applicable and helpful for decision-making purposes.

Predictive Value

The likelihood that a specific condition or attribute accurately predicts the outcome of interest.