QUESTION 17 When a company starts slowing down it repayment rate to its suppliers while maintaining...
QUESTION 17
- When a company starts slowing down it repayment rate to its suppliers while maintaining constant sales, what is the most likely outcome?
|
a. |
Increases in cost of goods sold |
|
|
b. |
Increases in days sales payable |
|
|
c. |
Decreases in accounts payable |
Homework Answers
b.Increases in days sales payable
Days sales payable indicates average number of days the company takes to pay back its suppliers.
As the repayment rate is reducing, the days sales payable rate increases
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QUESTION 17
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Specifically looking for help with question number 3 and
question number 4.
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and you must use the correct chart of accounts wording.
On question number 4 the number is incorrect but the drop-down
of overapplied is correct.
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