Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 30, 2024

Bercraft industries has an average accounts payable balance of $280,000. its average annual costs of good sold is $ 4,780,000. It receives terms of 1/20

Bercraft industries has an average accounts payable balance of $280,000. its average annual costs of good sold is $ 4,780,000. It receives terms of 1/20 net 40 from its suppliers. Is bercraft managing its accounts payable well?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

Find a published evaluation study. Critically analyze the study using the questions for critical evaluation of evaluation studies listed in this chapter. Summarize the strengths and weaknesses of the...

Answered: 1 week ago

Question

★★★★★

The Conference Board produces a Consumer Confidence Index (CCI) that reflects peoples feelings about general business conditions, employment opportunities, and their own income prospects. Some...

Answered: 1 week ago

Question

★★★★★

Place in a Fact-Issue-Law-Discussion-Conclusion format. Provide both points of view for each party. 1. LEGALITY Under California law, a contract to manage a professional boxer must be in writing, and...

Answered: 1 week ago

Question

★★★★★

The trip back took 26 hours. What is the speed of the boat in still water? What is the speed ofA boat traveled 520 miles each way downstream and back. The trip downstream took 13 hours.the current?

Answered: 1 week ago

Question

★★★★★

points) Linkletter Company (LC) began year 2 with 520,000 shares of common stock outstanding. On March 1, LC issued 168,000 new shares. On June 15th, LC declared a 25 percent stock dividend to be...

Answered: 1 week ago

Question

★★★★★

Intensity and Activity The Radiation Intensity is related to its activity. The larger the activity, the more intense is the radiation. Radiation intensity is easy to measure with a survey meter and...

Answered: 1 week ago

Question

★★★★★

Average rate of return The following data are accumulated by Patterson Inc. in evaluating two competing capital investment proposals: Amount of investment Useful life Estimated residual value...

Answered: 1 week ago

Question

★★★★★

(b) After a dramatic corporate shake-up, the company's CEO, COO, and VP of Logistics have all been replaced with new executives. They do not have much supply chain and operations experience. The new...

Answered: 1 week ago

Question

★★★★★

Wendy's produces a chili mix in 1,000 pound batches. The mixture contains two ingre- dients - chicken and beef. The cost per pound of each of these ingredients is as follows: Ingredient...

Answered: 1 week ago

Previous Question Next Question