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MaRussiya [10]
3 years ago
12

The Mountain Top Shoppe has sales of $512,000, average accounts receivable of $31,400 and average accounts payable of $24,800. T

he cost of goods sold is equivalent to 71 percent of sales. How long does it take The Mountain Top Shoppe to pay its suppliers?
Business
1 answer:
nevsk [136]3 years ago
8 0

Answer:

How long does it take The Mountain Top Shoppe to pay its suppliers?

25 days

Explanation:

Sales   $512,000  

COGS     71%

COGS   $363,520  

Av Acc Receiv   31.400  

Av Acc Payable   24.800  

Days   365  

DPO - Days Payables Outstanding  ==> ($24,800/$363,520)*365= 25 Days  

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If you wish to enter the field of soil and
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6 0
2 years ago
Who dismissed congress's plan to spend $40 billion to end the depression, saying it was impossible to "squander our way to prosp
Blababa [14]

The answer is President Herbert Hoover. His approach to depression were:

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3 0
3 years ago
Read 2 more answers
An economy is employing 2 units of capital, 5 units of raw materials, and 8 units of labour to produce its total output of 640 u
arlik [135]

Answer:

B) $.10.

Explanation:

All the cost used in the production process is called production cost.

Capital cost = Units x Cost per unit = 2 x $10 = $20

Raw Material cost = Units x Cost per unit = 5 x $4 = $20

Labor cost = Units x Cost per unit = 8 x $3 = $24

Total Cost = Capital cost + Raw Material cost + Labor cost

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3 years ago
ABC Corporation uses the weighted-average method in its process costing system. The Molding Department is the second department
Sveta_85 [38]

Answer:

$9.94

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Cost per equivalent unit of conversion = Total cost of conversion / Equivalent unit of conversion cost

Cost per equivalent unit of conversion = $593,812 / 59,720 units

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Cost per equivalent unit of conversion = $9.94

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