Frank's Franks posted a cost of goods sold of $5,000 and had an average payables of $125. Calculate the Accounts Payable Period
A) 10.2
B) 9.125
C) 13.41
D) 7.65
E) 8.54
B
You might also like to view...
An advantage of basing bad debt expense on the historical relationship between bad debts and net credit sales is that
A) it provides the best estimate of the net realizable value of accounts receivable. B) it provides the best information to the credit department to use in its collection activities. C) it best adheres to principle of cause and effect recognition. D) it considers the balance in the allowance account when making the bad debt expense estimate.
On the Internet, exit polls can be used to help determine whether content is helpful to customers and therefore is increasing their productivity.
Answer the following statement true (T) or false (F)
All of the following are classified as assets except:
A. Prepaid Insurance. B. Cash. C. Accounts Receivable. D. Accounts Payable. E. Supplies.
Pinkerton Company has four distribution centers located at the location coordinates given. The monthly demand at each center is also given
DC Coordinates (Miles) Demand A (100, 150 ) 50 B (250, 250 ) 30 C (150, 150 ) 15 D (200, 300 ) 100 Assume that management is considering locating its new plant at distribution center A. What is the load-distance score, assuming rectilinear distance? A) less than 33,000 B) greater than 33,000 but less than 33,500 C) greater than 33,500 but less than 34,000 D) greater than 34,000