Answered

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Find the average payment period if accounts payable is $20,000, cost of goods sold is $200,000, and sales are $500,000.

Sagot :

Ritmeks

Answer:

36.5

Explanation:

Account payable = $20,000

The cost of goods sold is $200,000

Sales are $500,000

The average payment period can be calculated as follows

= 20,000/200,000/365

°= 20,000/547.9

36.5

Henbe the average payment period is 36.5

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