Use the Table for the Question(s)below

question 77

Multiple Choice

Use the table for the question(s) below.
Luther Enterprises Ltd had sales of $850 million and a cost of goods sold of $500 million in 2016.
A simplified balance sheet for the firm appears below:
-Luther's 'Accounts Payable' days figure is closest to:

• A)59 days.
• B)42 days.
• C)48 days.
• D)46 days.

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Definitions:

Thanatos

In Freudian psychology, a concept representing the death drive or instinct, which coexists with the life instinct (Eros) and drives aggressive and destructive behavior.

Psychic Epidemics

Phenomena in which large numbers of people begin to engage in unusual behaviors that appear to have a psychological origin.

Self-Hypnotic Suggestion

A technique of self-induction to reach a state of heightened suggestibility for personal improvement or therapeutic purposes.

Substance-Induced Psychosis

A form of psychosis triggered by the abuse of drugs or alcohol, which can lead to hallucinations, delusions, and disordered thinking.