To Calculate Payables Turnover,an Increase in Merchandise Inventory Must Be

question 6

True/False

To calculate payables turnover,an increase in merchandise inventory must be added to cost of goods sold before dividing by average accounts payable.

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Definitions:

Direct Foreign Investment

A company or individual from one country putting capital into business ventures or assets in another country, through either creating business activities or purchasing business properties.

Motorcycle Factory

A specialized industrial facility dedicated to the manufacturing of motorcycles.

Skilled Workers

Skilled workers are individuals who have specialized training, knowledge, and expertise in specific fields or professions, often requiring formal education and experience.

Foreign Aid

Financial or other assistance provided by one country to another to help with economic development, social welfare, disaster relief, etc.