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]
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.





You might be interested in
Analyzing macroeconomic events with the IS curve (II):
horsena [70]

Answer and explanation:

a)  

This investment tax credit will lead to a surge in the investment demand, because of the benefits that the firms receive from the investment tax credit. More and more firms will undertake investments leading to an increase causing the IS curve to shift to the right.  

<em>This implies that the output and GDP will increase in the short run.  </em>

(check image file 1 attached)

b)  

The increase in the demand for US goods will lead to an increase in the capital inflow for the country, the exports will increase, and the IS curve will shift to the right.  

<em>This implies that the output and GDP will increase in the short run</em>

(check the attached image file 2)

c)  

US consumers' infatuation with goods and services from New Zealand is going to increase the imports of the country. While it may also reduce the domestic consumption spending. This, however, will affect the country by shifting its IS curve to the left.  

<em>This implies that the output and GDP will decrease in the short ran.  </em>

(check image file 3)

d)  

Though the prices of the houses will fall sharply, increasing the affordability of the houses but the confidence of the people in real estate will be shaken. This would lead to a fall in the housing investment. This fall in investment will shift the IS curve to the left.  

<em>This implies that the output and GDP will decrease in the short run.</em>

check image file 4

4 0
3 years ago
Who at Universal Studios hates FORBIDEN JURNY?
frosja888 [35]

MEEEEEEEEEEEEEEEEEE

°ω°

6 0
2 years ago
Bob and Susie wash cars for extra money over the summer. Bob's income is determined by f(x) = 6x + 13, where x is the number of
KatRina [158]
We are given with two functions: f(x) = 6x + 13 and g(x) = 4x + 18. We are given with h(x) which is associated with f(x) + g(x). The sum of  6x + 13 + 4x + 18 equal to 10x + 31 indicating  Bob will make more money working alone or by teaming with Susie.  The answer hence to this problem is C. h(x) = 10x + 31, team with Susie 
6 0
3 years ago
Read 2 more answers
The process for motivating employee performance in which the manager and employee jointly set objectives for the employee, the m
antoniya [11.8K]

Answer:

The correct answer is: Management by Objectives (MBO).

Explanation:

Management by Objectives (<em>MBO</em>) is a process in which a manager an employees agree on specific performance goals and then develop a plan to reach those goals. First outlined in Peter Drucker's 1954 book "<em>The Practice of Management</em>", MBO ensures better employee participation and commitment while aligning objectives throughout an organization.

4 0
3 years ago
Which of the following is NOT true about College
777dan777 [17]

Answer:

It only offers 4 year degrees

Explanation:

4 0
3 years ago
Other questions:
  • What is corporate image or corporate identity
    13·1 answer
  • 8. Katie pays $10,000 in tax-deductible property taxes. Katie’s marginal tax rate is 32%, average tax rate is 28%, and effective
    5·1 answer
  • Reviewing the agenda of a meeting prior to the start of the meeting involves which of the following strategies to enhance listen
    15·1 answer
  • Timothy Gates and Prada Singh decide to form a new company, TGPS LLC (a multimember LLC that will report its operations as a par
    6·1 answer
  • Suppose that the world price of resins is $100 per ton. Now suppose that the United States imposes a 10% tariff on imported resi
    11·1 answer
  • How did Joe Biden get president?<br> ⇔∈∉∧⊇←²³√∛·×÷±≈≠≥≤≡≅⇒,㏒
    7·1 answer
  • The following table contains statements that provide some analysis of policies that address globalization.
    15·1 answer
  • Give your suggestions to address the problems and challanges being faced by the migrant workers in foregin employment .
    15·1 answer
  • Topic: How Banks Create Money
    13·1 answer
  • If a good is normal, then a decrease in price will cause a substitution effect that is?
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!