Given the Following Information,calculate the Payables Turnover and Days' Payable

question 82

Essay

Given the following information,calculate the payables turnover and days' payable.Round answers to two decimal places.
$$\begin{array} { l r } \text { Net sales } & \$ 10,000,000 \\\text { Cost of goods sold } & 8,321,000 \\\text { Operating expenses } & 3,000,000 \\\text { Inventory increase } & 125,000 \\\text { Accounts payable, beginning } & 1,617,000 \\\text { Accounts payable, ending } & 1,415,000\end{array}$$

a. Payables turnover
b. Days' payable

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Definitions:

External-Reinforcement Schedule

This involves the regulation of behavior based on rewards or punishments administered from an outside source, used in various behavioral conditioning frameworks.

Positive Punishment

Adding an undesirable stimulus to decrease a behavior.

Negative Punishment

A behavior modification technique involving the removal of a desirable stimulus to decrease the probability of an undesirable behavior being repeated.

Negative Reinforcement

A process that strengthens a behavior by removing or reducing an undesirable outcome when the behavior is performed.