MC algo 18-11 Accounts Payable Period Big Al's Meat Market has annual sales of $559,500...
80.2K
Verified Solution
Link Copied!
Question
Accounting
MC algo 18-11 Accounts Payable Period Big Al's Meat Market has annual sales of $559,500 and cost of goods sold of $380,000. The profit margin is 6.7 percent and the accounts payable period Is 30.8 days. What is the average accounts payable balance? Assume 365 days per year. Multiple Choice 582 836.36 53213026 53672373 $29,456 49 434 428 49
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.