Multiple Choice
A firm has an average accounts payable balance of $132,000.The average number of days that the firm takes to pay its debt is 22 days.What is its average daily cost of goods sold?
A) $4,000
B) $132,000
C) $126,000
D) $6,000
E) $6,600
Correct Answer:
Verified
Correct Answer:
Verified
Q9: Trade credit should always be used when
Q112: What is the effective cost of credit
Q113: If a firm wishes to invest cash
Q115: Which of the following best describes just-in-time
Q116: Bercraft Industries has an average accounts payable
Q117: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6725/.jpg" alt=" A firm has
Q119: A firm decides to stretch its accounts
Q120: Your firm purchases goods from its supplier
Q121: Gencom International has accounts receivable days of
Q122: Which of the following best describes short-term