Problem related to average accounts payable, Business Management

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Problem related to average accounts payable

The Mountain Top Shoppe has sales of $512,000, average accounts receivable of $31,400 and average accounts payable of $24,800. The cost of goods sold is equivalent to 71 percent of sales. How long does it take The Mountain Top Shoppe to pay its suppliers?

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Business Management: Problem related to average accounts payable

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Request for Solution File

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Business Management: Problem related to average accounts payable

Reference No:- TGS0109076

Have a Question? (oR Write a Review)

Recent Questions Asked Business Management

Q : Determining the economic profit of the business

Q : Compensating balance as part of arrangement

Q : Determine the probability that all 12 jurors are white

Q : Determining the allowance for doubtful accounts

Q : Problem related to average accounts payable

Q : Create confidence interval estimate of population proportion

Q : What is p(4,7) and what about p(0,0)?

Q : What will the firms new operating cycle

Q : Difference between the coupon and the yield to maturity

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Request for Solution File

Ask an Expert for Answer!!

Business Management: Problem related to average accounts payable

Reference No:- TGS0109076

Recent Questions Asked Business Management

Q : Determining the economic profit of the business

Q : Compensating balance as part of arrangement

Q : Determine the probability that all 12 jurors are white

Q : Determining the allowance for doubtful accounts

Q : Problem related to average accounts payable

Q : Create confidence interval estimate of population proportion

Q : What is p(4,7) and what about p(0,0)?

Q : What will the firms new operating cycle

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