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kow [346]
3 years ago
14

Heritage, inc., had a cost of goods sold of $45,821. At the end of the year, the accounts payable balance was $8,773. How long o

n average did it take the company to pay off its suppliers during the year? (use 365 days a year. Do not round intermediate calculations and round your answer to 2 decimal places,
e.G., 32.16.)
Business
1 answer:
Aliun [14]3 years ago
3 0

<u>Calculation of Days Payable Outstanding:</u>

Days Payable Outstanding can be calculated using the following formula:

Days Payable Outstanding = (Accounts

Payable *365) / Cost of Goods Sold

= (8,773*365)/45,821

= 69.88

Hence, Days Payable Outstanding is 69.88 days. We can say that it takes on average<u> 69.88 </u>days to the company to pay off its suppliers during the year.





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Answer:

The answer is below

Explanation:

The technical and socio-cultural dimensions of project management are two sides of the same coin because while they are different, they serve the same purpose. Project managers need to possess and apply both skills to be successful in project management.

The technical dimensions of project management include stuff like the scope of work, time duration, resource allocation, etc. In contrast, the sociocultural dimensions of project management have organizations' cultures and values. Both of which are essential to a project management success

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Answer:

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Explanation:

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Year         Percentage Depreciate

  1                              14.29%

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  3                             17.49%

  4                             12.49%

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  6                             8.92%

  7                             8.93%

  8                             4.46%

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*Option for the given Mcqs are missing and written as follows:

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