Multiple Choice
Total purchases are $130,000 and credit purchases are 80% of total purchases.If accounts payable at the beginning of the period are $15,000 and at the end of the period are $13,000,the average settlement period for accounts payable,in days,is:
A) 50 days.
B) 39.6 days.
C) 49 days.
D) 74 days.
Correct Answer:
Verified
Correct Answer:
Verified
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