xthelamppostx7630 xthelamppostx7630
  • 02-07-2021
  • Business
contestada

Find the average payment period if accounts payable is $20,000, cost of goods sold is $200,000, and sales are $500,000.

Respuesta :

Ritmeks
Ritmeks Ritmeks
  • 07-07-2021

Answer:

36.5

Explanation:

Account payable = $20,000

The cost of goods sold is $200,000

Sales are $500,000

The average payment period can be calculated as follows

= 20,000/200,000/365

°= 20,000/547.9

36.5

Henbe the average payment period is 36.5

Answer Link

Otras preguntas

What is fluffy in french? 30 points
Find the value of x and KL if K is between J and L "JK=2x,KL=x+2, and JL =5x-10"
Why did the anti-federalist demand that the bill of rights be added to the U.S. constitution
Which spanish city is known for the fact that people of three different religions peacefully lived there together? (1 point) Avila Madrid Segovia Toledo
Which of the following is not part of the structure of a comet? A. Nucleus B. Dust tail C. Head D. Coma
Please Help!!! If someone dies without a will, a situation known as intestate, the state will step in to handle the distribution of the estate, even if it is n
In triangle ABC , angle A is a right angle and angle B = 45. If AB = 19 feet, what is BC?
Who might be the main characters in a world parents type of creation story? a turtle and a raven a powerful god and a human the sky and the earth the spirits of
The perimeter of a rectangular sandbox is 28ft. The length is six times the width.
Antwone earns money at a steady rate mowing lawns. The points (1,25) and (5,125) appear on a graph of the amount earned versus number of lawns mowed. What are t