A Company Reports Ending Accounts Payable of $1,440 and Cost

question 18

Multiple Choice

A company reports ending accounts payable of $1,440 and cost of goods sold of $11,680.Compute days' payable outstanding.

• A)39 days
• B)45 days
• C)36 days
• D)35 days
• E)41 days

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Definitions:

Sensory Memory

The shortest-term element of memory, which allows individuals to retain impressions of sensory information after the original stimulus has ceased.

Long-Term Memory

A type of memory that holds large amounts of information for periods of time ranging from days to years, allowing for the retrieval of past experiences and learned information.

Short-Term Memory

The capacity for holding a small amount of information in an active, readily available state for a short period of time.

Infant Recall

The ability of very young children to remember information over time, a critical aspect of cognitive development.