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
Leokris [45]
3 years ago
6

Selected recent balance sheet and income statement information for The Gap, Inc. follows: (in millions) 2014 Year-end accounts p

ayable $ 1,242 Average accounts payable 1,193 Sales 16,148 Cost of goods sold 9,855 Accounts payable days outstanding for 2014 is:
Business
1 answer:
Whitepunk [10]3 years ago
7 0

Answer:

46 days

Explanation:

Given that,

Ending Accounts Payable = $1,242

Cost of goods sold = 9,855

Average accounts payable = 1,193

Payable turnover ratio = Cost of goods sold ÷ number of days

                                     = 9,855 ÷ 365

                                     = 27

Days Payable Outstanding:

= Ending Accounts Payable ÷ Payable turnover ratio

= $1,242 ÷ 27

= 46

Therefore, the payable days outstanding for 2014 is 46.

You might be interested in
An election to choose among candidates nominated by parties is called a(n) ________.
tigry1 [53]
A Republican of which is a multiple person who elects
7 0
3 years ago
The chief distinguishing factor of a corporation is its 1.________ . An investor who purchases stock in a corporation becomes a
elena-14-01-66 [18.8K]

Answer:

1. Limited liability

2. Shareholder

The concept of limited liability is one of the main characteristics of a corporation. Limited liability means that the owners are responsible for the debts of the company only to the extent of the money they've contributed to the company.

When an investor purchases shares of a corporation, becomes a shareholder of a corporation.  He can then benefit from the growth in the company since he is also the owner of the company.

6 0
3 years ago
Yolanda manages a Best Sleep Inn along an interstate highway. She knows from experience that 5 to 10 last-minute customers will
BaLLatris [955]

Answer:

D. durable perishable

Explanation:

4 0
3 years ago
The council of better business bureaus is a national organization devoted to consumer service and _____.
Vladimir [108]
The council of better business bureaus is a national organization devoted to consumer service and business self-regulation.
5 0
3 years ago
For the past six years, the stock price of Slippery Rock Mining has been increasing at a rate of 6.6 percent per year. Currently
horrorfan [7]

Answer:

2.50%

Explanation:

The dividend yield can be computed by dividing annual dividend by share price. As the dividend is not given in the question, we will find the dividend first by the required return formula and then divide it by share price in order to calculate the yield.

DATA

Annual dividend =?

Growth rate = 6.6%

Share price = $73

Required return = 0.1%

Solution

Required return = (D1/price) + growth rate

0.091 = (D1 / 73) + 0.066

0.025 = D1 / 73

D1 = 1.825  

Dividend yield = (D1 / price) * 100

Dividend yield = (1.825 / 73) * 100

Dividend yield = 2.50%

7 0
4 years ago
Other questions:
  • Suppose you are going to receive $12,000 per year for five years. The appropriate interest rate is 9 percent. a-1. What is the p
    8·1 answer
  • The stockholder's annual report must includeSelect one:a. a statement of cash flows.b. an income statement.c. a balance sheet.d.
    7·1 answer
  • Various financial data for the past two years follow. LAST YEAR THIS YEAR Output: Sales $ 200,100 $ 202,100 Input: Labor 30,100
    5·1 answer
  • A test plan consists of detailed procedures that specify ____.
    7·1 answer
  • Country A is an extremely efficient producer of tin. However, its climate and terrain makes it difficult to produce corn. Accord
    9·1 answer
  • Having just returned from the war in Afghanistan, David has $25,000 in his savings account. His girlfriend suggests that he talk
    8·1 answer
  • All assets, capabilities, organizational processes, firm attributes, information, knowledge, and so on, controlled by a firm tha
    8·1 answer
  • Which one is odd: sales ,purchase, carriage inward, audit fees.​
    14·1 answer
  • Madzinga's Draperies manufactures curtains. A certain window requires the following: Direct materials standard 9 square yards at
    10·1 answer
  • Will name brainliest
    14·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!