The Accounts Payable Turnover Expressed in Days Is 365 Divided

question 26

Multiple Choice

The accounts payable turnover expressed in days is 365 divided by:

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

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Definitions:

Unit-Level Activities

Tasks or processes that vary directly with the number of units produced or services provided.

Activity-Based Costing

A costing method that assigns overhead and indirect costs to specific activities based on their use of resources.

Accounting Department

A division within a company that is responsible for managing financial records, ensuring compliance with accounting laws, and preparing financial reports.

Organization-Sustaining Activities

Activities that support the organization as a whole rather than any specific product line or department, such as facility management and executive leadership.