The Accounts Payable Turnover Is Calculated by Purchases from Suppliers

question 108

Multiple Choice

The accounts payable turnover is calculated by purchases from suppliers divided by:

• A)average accounts payable
• B)beginning accounts payable.
• C)ending accounts payable.
• D)average accounts receivable.

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Definitions:

Min/Max Function

A mathematical function that identifies the minimum or maximum value within a particular set of data or input.

Same Income

A scenario in which two or more entities earn or receive an identical amount of money.

Same Prices

A condition where two or more goods or services are sold at identical price points.

Consumption Bundle

A collection of goods or services that a consumer selects for purchase, representing a combination of different items that provide utility.