Luther Corporation's Total Sales for 2009 Were $610

question 92

Multiple Choice

Luther Corporation's total sales for 2009 were $610.1,and gross profit was $109.0.Accounts payable days for 2009 is closest to:

• A)27.5
• B)5.71
• C)52.4
• D)63.8

---

Definitions:

Opportunity Cost

The cost of forgoing the next best alternative when making a decision or choosing to invest in one option over others.

Rectangles

A four-sided flat shape where every angle is a right angle and opposite sides are parallel and equal in length.

Historical Episode

A significant event or series of events in the past that has a substantial impact on the present or future.

Circular Flow Diagram

A graphical representation depicting the flow of products, services, and financial resources in a cyclical pattern between consumers and businesses within the economy.