If Accounts Payable Is $1,116 and Cost of Goods Sold

question 25

Multiple Choice

If accounts payable is $1,116 and cost of goods sold is $11,315,what is days' payable outstanding?

• A)30 days
• B)45 days
• C)36 days
• D)33 days
• E)40 days

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Definitions:

Verbal Memory

The ability to remember and recall words and other verbal items; a component of cognitive functioning related to the processing and use of language.

Inductive Reasoning

A logical process in which multiple premises, all believed true, are combined to obtain a specific conclusion.

Longitudinal Research

A research design that follows the same individuals over time.

Cross-sectional Research

A research method that involves analyzing data from a population, or a representative subset, at a specific point in time to identify trends and patterns.