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
mariarad [96]
3 years ago
8

On December​ 31st, Datton, Inc. has cost of goods sold of $ 550000​, ending inventory is $ 101000​, beginning inventory is $ 120

000​; and average accounts payable is $ 105000. What is the accounts payable turnover expressed as​ days? (Round any intermediary calculations to two decimal​ places, and round your final answer to the nearest​ day.) A. 72 B. 44 C. 117 D. 67
Business
1 answer:
Gnoma [55]3 years ago
5 0

Answer:

72 days

Explanation:

The computation of the accounts payable turnover ratio is shown below:

Accounts payable turnover ratio = Total Purchases ÷ Average Accounts payable

As we know that

Cost of goods sold =  Beginning inventory + total purchases - Ending inventory

i.e  

Total Purchases = Cost of goods sold + Ending Inventory – Beginning Inventory

= $550,000 + $101,000 - $120,000

= $531,000

So, the account payable turnover ratio is

= $531,000 ÷ $105,000

= 5.06 times

Now in days it is

= 365 days ÷ 5.06 times

= 72 days

You might be interested in
Select the correct answer. Which kind of relativism suggests that the moral truth is subjective with regard to ethical practices
kondor19780726 [428]

<u>Answer:</u> A. Moral relativism

<u>Explanation:</u>

Moral relativism means the moral judgement made by people based on their differences such as culture or country, it denotes that there is no one method where people can decide what is right and what is wrong.

The four types of moral relativism are naive relativism, cultural relativism, role relativism and social relativism. Naive relativism means individuals can have own moral values. Cultural relativism means people should not judge based on one's culture.  Role relativism means a person with job role should not make judgments on others beliefs.

3 0
3 years ago
the role of the develpoed nation in helping the developing nations for sustainable develpoment of natural resources???pls help.
tigry1 [53]

Answer:

Developed nations have an economic and moral responsability to help developing contries achieve sustainable development goals not only because developed nations have more money, but also because they are the main originators of climate change.

For this reason, developed nations should give funds to developing nations in order to fund projects such as solar, wind, geothermal, and nuclear power plants, and they should also provide technical assistance, since the population of developed nations tends to be more educated than that of developing nations.

7 0
2 years ago
An office building has $66,000 of net income and sold for $550,000. What was the rate of return? 12% 8.3% 10% 11.1%
spayn [35]

Answer:

8,3

Explanation:

its less then 10%

5 0
3 years ago
Read 2 more answers
What are the opportunities of an entrepreneur
slavikrds [6]
Definition: the skill and risk taking ability of the person who brings the other resources or factors of production together to produce a good or service e.g. the owner of a business. These people are called entrepreneurs

Opportunities of an entrepreneur:
• involves the sale or lease of any product, service, equipment that will enable the purchaser-licensee to begin a business.
• invest in (multiple) businesses
•quality content
• foreign markets
•crowdfunding
8 0
3 years ago
What is the meaning of the full faith and credit clause
Yuki888 [10]

Hello!

the full faith and credit clause explains the fact that states within the United States have to respect the public acts, records, and judicial proceedings of every other state.

for example, if someone has a driver's license in Vermont, it will be considered valid in new mexico.

or if someone were to get married in California, they would still be married if they move to Virginia.

I hope this helps, and have a nice day!

6 0
3 years ago
Other questions:
  • Metro Company trades its used machine for a new model at Denver Solutions Inc.
    11·1 answer
  • What might you find out an about people who are described as credit risks
    15·1 answer
  • To better meet corporate goals this year, donna, a ceo, is encouraging her managers to focus on the major functions of managemen
    5·1 answer
  • DTO, Inc., has sales of $24 million, total assets of $21.1 million, and total debt of $8.2 million. Assume the profit margin is
    15·1 answer
  • Why do many business owners avoid market research? Question options: They're afraid of hearing any negative feedback. They don't
    15·2 answers
  • Domestic business differs from international business in that a firm operating within the borders of one country A) must be conc
    13·1 answer
  • Process of tracking customer contacts and providing the customer with a price quote is
    9·1 answer
  • Pursuant to a complete liquidation, Oriole Corporation distributes to its shareholders land held for three years as an investmen
    6·1 answer
  • A new study discovers the health benefits of eating fish regularly. At the same time, some consumers decide to become vegetarian
    11·1 answer
  • Which of the following would be a good argument to buy rather than lease? a. ""Money is really tight. I need the lowest possible
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!