The Number of Days' Payable Is Determined by Dividing

question 110

Multiple Choice

The number of days' payable is determined by dividing

• A)the number of days in a year by the payables turnover.
• B)the number of days in a year by average accounts payable.
• C)cost of goods sold by average accounts payable.
• D)inventory by average accounts payable.

---

Definitions:

Demand Shock

A sudden event that increases or decreases demand for goods or services, affecting the price and production levels.

Global Oil

Refers to the worldwide production, distribution, and consumption dynamics of crude oil and petroleum products.

Economic Event

An economic event is an occurrence that has a significant impact on the economic landscape, potentially altering market conditions, business environments, or financial positions.

Callable Bond

A type of bond that can be repaid by the issuer before its maturity date, typically at a premium to the face value.