1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kow [346]
4 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]4 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.





You might be interested in
Stephanie is a 40 percent partner in the SKY Partnership. During the current tax year, the partnership reported ordinary income
gregori [183]

Answer:

The answer is Option B.

$48000

Explanation:

Guaranteed payment                                                 $30,000.00  

Balance distribution [($210000-$90000)*40%]         $48,000.00  

Stephanie's adjusted gross income                         $78,000.00  

Less : Guaranteed Payment every year                 $30,000.00  

Increase in Stephanie's adjusted gross income         $48,000.00  

5 0
3 years ago
A startup jewelry company wants to research designs from its potential new jewelry line. It has little money to devote to the re
ser-zykov [4K]

Answer:

Mail and online research.

Explanation:

Since in the given situation, it can be seen that the company does not have much amount to be incurred on the research so the best option is to do online research and mail as the person research and the telephone research becomes expensive as compared to the mail and online research

Therefore the above should be the answer

6 0
3 years ago
Which one of these is the best way to prevent foreclosure? Save at least 1% of your home’s purchase price annually Refinance as
GenaCL600 [577]

Answer:

Use a budget to live within your means and build saving

Explanation:

Taking loans in engaging in capital projects are not to be discouraged,but the opinion or the fear of the masses is, if such loans could be paid back or the lender will be forced to apply foreclosure on your assets.

Through living within your means and with a healthy and well planned saving budget,all borrowed money will be definitely paid back to the lender .

4 0
3 years ago
At what point does buying in bulk stop being a wise spending choice
ludmilkaskok [199]

Answer:

Buying in bulk stops being a wise spending choice when the consumer buys more than is needed

Please mark brainliest! Have a nice day!

5 0
3 years ago
Read 2 more answers
If a beneficiary is enrolled in a ma-only ppo and they also sign up for a pdp plan, they will be automatically dropped from thei
sweet-ann [11.9K]

If a beneficiary is enrolled in a MA-only PPO and they also sign up for a PDP plan, they will be automatically dropped from their MA plan is a "True" statement.

<h3>What is PPO plan?</h3>

PPOs are a form of health plans that let members see medical professionals both inside and outside the plan's network. Members can just use services outside the network, but doing so will result in increased out-of-pocket expenses and a possible lack of coverage for specific services.

Some key features of PPO are-

  • All health insurance companies have agreements with clinics and facilities to treat their members.
  • The term "network providers" or "in-network providers" refers to these medical professionals, who might comprise PCPs, specialists, and sometimes even institutions like labs, hospitals, or urgent care facilities.
  • PPO members are insured for care both from in- and out- of-network providers, but they will pay more for the in providers and less for in-network doctors and hospitals.
<h3>What is MA plan?</h3>

Another option for getting your Medicare Both A B coverage is through Medicare Advantage Plans.

Some key features of MA plan are-

  • Medicare-approved private enterprises that offer Medicare Advantage Plans, often known as "Part C" or "MA Plans," are required to abide by the rules established by Medicare.
  • Many Medicare Advantage Plans cover prescription drugs (Part D). You'll typically have to work with medical professionals who are covered by the plan's network.
  • These plans have a cap on how much you must spend out-of-pocket for covered services each year.

To know more about benefit of PPO, here

brainly.com/question/5410785

#SPJ4

8 0
2 years ago
Other questions:
  • Cable Company reported bond interest expense of $40,000 for the current year. During the year, the balance in the premium on bon
    8·1 answer
  • The government builds a new water-treatment plant. the owner of the company that builds the plant pays her workers. the workers
    6·1 answer
  • LO 4.7In a job order cost system, overhead applied is debited to which account?
    7·1 answer
  • According to a survey reported in the Business Week, 30% of adults in the U.S. said that the cell phone is the invention that th
    7·1 answer
  • Figure out Samuel's Net Pay using the following information
    8·1 answer
  • Supercenters have become a fast growing retail category by combining broad assortments of groceries and general merchandise prod
    5·1 answer
  • On October 31, Year 1, A company general ledger shows a checking account balance of $8,445. The company’s cash receipts for the
    7·1 answer
  • In January 2021, Summit Department Store sells a gift card for $50 and receives cash. In February, 2021, the customer comes back
    9·1 answer
  • You give your pajama-factory workers a $5 raise (per hour), and you also praise them generously for their hard work. They prompt
    6·1 answer
  • Gidgits Galore has been busy during this lesson continuing its expansion plans throughout the United States. After all, everyone
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!