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.

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Definitions:

Loan Manager

A professional responsible for managing the approval and distribution of loans for individuals or businesses.

Sales Call

A communication or visit made by a salesperson or representative to a potential buyer for the purpose of promoting, selling products, or services.

Professional Presence

The projection of confidence, competency, and credibility in workplace behavior and appearance.

Apparel

Clothing, considered collectively, especially as items worn on the body.