Vista Company's Has 32 Days' Payable Outstanding Based on the Current

question 24

Multiple Choice

Vista Company's has 32 days' payable outstanding based on the current year's cost of goods sold of $11,315.What is Vista's balance in accounts payable?

• A)$975
• B)$870
• C)$950
• D)$998
• E)$992

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Definitions:

Retailing

The selling of goods or services directly to consumers through various channels, including physical stores, online platforms, and direct sales.

Store Locations

The physical places where retail businesses operate and to which consumers must travel to purchase goods.

Locations Changed

Refers to the process or act of moving or altering the position or setting of something or someone.

Category Management

A retail and supply chain management strategy where products are grouped and managed as strategic business units, allowing for more focused merchandising and marketing efforts.