Solved

Vista Company's Has 32 Days' Payable Outstanding Based on the Current

Question 24

Multiple Choice

Vista Company's has 32 days' payable outstanding based on the current year's cost of goods sold of $11,315.What is Vista's balance in accounts payable?


A) $975
B) $870
C) $950
D) $998
E) $992

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q19: Alvi reports ending work in process inventory

Q20: The triple bottom line focus on the

Q21: Beake Company has 15 days' sales in

Q22: Haupt Inc.manufacturers water pumps.Each pump requires $155

Q23: Haupt Inc.manufacturers water pumps.Each pump requires $155

Q25: If accounts payable is $1,116 and cost

Q26: Only manufacturers use the lean business model.

Q27: Value streams include all activities needed to

Q28: If work in process inventory is $900

Q29: Days' payable outstanding measures how long,on average,a