Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Basic Finance Expert

problem: Timberline Inc. has sales of $642,000 and average accounts payable of $36,400. The cost of goods sold is equivalent to 65 percent of sales. Determine how long does it take Timberline to pay its suppliers? 

[A]    20.69 days

[B]    26.18 days

[C]    31.85 days

[D]    11.46 days

[E]    13.45 days

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M919518

Have any Question? 


Related Questions in Basic Finance

Suppose you are interested in taking a safari to kenta

Suppose you are interested in taking a safari to Kenta, Africa, next summer but are worried about the price of the trip, which has ranged from $2,500 to $3,500 over the past five years. The current price is $3,000. Suppo ...

Discuss or define briefly the following terms and

Discuss or define briefly the following terms and concepts: means of payment, store of value, unit of account, barter, monetary aggregates, liquidity, nonfinancial debt, electronic funds transfer system, and risk.

Which of the following statements about the linear

Which of the following statements about the linear regression of the return of a portfolio over the return of its benchmark presented below are correct? Portfolio Parameter Value Beta 1.25 Alpha 0.26 Coefficient of deter ...

Case- done individuallypart 1 publically traded debt and

Case- Done individually. Part 1: Publically Traded Debt and Equity 1. Katherine Graham became CEO of the Washington Post Company and took the company public. The firm has been financed with debt in the form of a coupon b ...

We know that iqs are normally distributed with a mean of

We know that IQs are normally distributed with a mean of 100 and standard deviations of 15. Suppose you want to verify this, so you take 100 random samples of size four each and, for each sample, find a 95% confidence in ...

Write the word or phrase that best completes each statement

Write the word or phrase that best completes each statement or answers the question. Solve the problem. Round dollar amounts to the nearest dollar. Use the straight-line method to complete the depreciation table for a co ...

Your program plans to acquire a total of 600 end items

Your program plans to acquire a total of 600 end items costing $535 million over a five-year period. The first production contract is to be awarded in FY04. The number of items to be procured (not delivered) each year an ...

1 assume that you are mr hegarty the ceo of mebel-doran

1) Assume that you are Mr. Hegarty, the CEO of Mebel-Doran. What will you do now? What avenues are open to you? Is Mebel-Doran ethically responsible for anything in this transaction? Should they be legally responsible? S ...

Sitttsl309 amp sitttsl310 source airfares for domestic

SITTTSL309 & SITTTSL310 Source airfares for domestic flights & Construct normal international airfares Learning Outline - Within this resource, you will be covering the following key topics: Interpret domestic airfare in ...

You buy 700 shares of stock at a price of 70 and an initial

You buy 700 shares of stock at a price of $70 and an initial margin of 55 percent. If the maintenance margin is 40 percent, at what price will you receive a margin call? (Do not round intermediate calculations. Round you ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate