Examlex

Solved

Using the Information Provided,what Is the Accounts Payable Turnover for the Firm

question 7

Multiple Choice

Using the information provided,what is the accounts payable turnover for the firm? Perfect Purchase Electronics
Selected Income Statement Items,2014
Cash Sales $1,500,000
Credit Sales $7,500,000
Total Sales $9,000,000
COGS $6,000,000
Perfect Purchase Electronics
Selected Balance Sheet Accounts
12/31/2014 12/31/2013 Change
Accounts Receivable $270,000 $240,000 $30,000
Inventory $125,000 $100,000 $25,000
Accounts Payable $110,000 $90,000 $20,000


Definitions:

Doric Columns

A style of column characterized by simple, geometric capitals and no base, representative of one of the classical orders of ancient Greek and Roman architecture.

Spatial Composition

The art and technique of arranging objects and elements in a space, considering aspects like balance, proportion, and rhythm to achieve a harmonious whole.

Semicircle

A half of a circle, formed by dividing a circle along its diameter, used in various architectural designs.

Renaissance Interest

is the revival of art, culture, and intellectual thought through the European Renaissance, beginning in the 14th century, focusing on classical antiquities, humanism, and individualism.

Related Questions