A Firm Has an Average Accounts Payable Balance of $132,000

question 118

Multiple Choice

A firm has an average accounts payable balance of $132,000.The average number of days that the firm takes to pay its debt is 22 days.What is its average daily cost of goods sold?

• A)$4,000
• B)$132,000
• C)$126,000
• D)$6,000
• E)$6,600

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Definitions:

Levels

The distinct values or stages that a variable can take on within a dataset, often referring to categorical variables.

F-Ratio

A statistic that measures the ratio of the variance among the means of groups to the variance within each group.

Main Effect

The overall impact of an independent variable on a dependent variable in an experiment, analyzing the significant changes or differences.

Factor B

A variable or element in an experiment or model that is manipulated to determine its effect on outcomes, often used in factorial designs.