MC algo 18-12 Accounts Payable Period Underground Funeral Services has annual sales of $889,900. The...
60.1K
Verified Solution
Link Copied!
Question
Accounting
MC algo 18-12 Accounts Payable Period Underground Funeral Services has annual sales of $889,900. The cost of goods sold is equal to 94 percent of sales. The firm has an average account receivable balance of $88,400 and an average accounts payable balance of $73,100. How many days on average does it take the firm to pay its suppliers? MC algo 18-12 Accounts Payable Period Underground Funeral Services has annual sales of $889,900. The cost of goods sold is equal to 94 percent of sales. The firm has an average accounts receivable balance of $88,400 and an average accounts payable balance of $73,100. How many days on average does it take the firm to pay its suppliers? Multiple Choice 29.98 days 0 34.17 days 199 days
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
