From the following information regarding the year to 31 August 20X6, what is the payables' payment period? $ Sales 43,000 Cost of sales 32,500 Opening inventory 6,000 Closing inventory 3,800 Payables at 31 August 20X6 4,750 A 40 days B 50 days C 53 days D 57 days
From the following information regarding the year to 31 August 20X6, what is the payables' payment period? $ Sales 43,000 Cost of sales 32,500 Opening inventory 6,000 Closing inventory 3,800 Payables at 31 August 20X6 4,750 A 40 days B 50 days C 53 days D 57 days
Chapter18: The Management Of Accounts Receivable And Inventories
Section: Chapter Questions
Problem 9P
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Question
From the following information regarding the year to 31 August 20X6, what is the payables' payment
period?
$
Sales 43,000
Cost of sales 32,500
Opening inventory 6,000
Closing inventory 3,800
Payables at 31 August 20X6 4,750
A 40 days
B 50 days
C 53 days
D 57 days
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