Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. note: for all requirements, do not round intermedi

Note: For all requirements, do not round intermediate calculations, round the final answers to the...

90.2K

Verified Solution

Question

Accounting

Note: For all requirements, do not round intermediate calculations, round the final answers to the nearest whole day and use 365
days in a year.Use the information below to answer the requirements.
Current Year
Accounts payable $ 19,410
Cost of goods sold 273,900
Compute days payable outstanding for the current year.
If the companys accounts payable were 10% lower, by how many days would days payable outstanding be reduced?
If the companys accounts payable were 10% higher, by how many days would days payable outstanding be increased?
Note: For all requirements, do not round intermediate calculations, round the final answers to the nearest whole day and use 365 days in a year.
image

Answer & Explanation Solved by verified expert
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!
Become a Member

Other questions asked by students