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Big Al's Meat Market has annual sales of $564,000 and cost of goods sold of $384,400. The profit margin Is 7 percent and the accounts
Big Al's Meat Market has annual sales of $564,000 and cost of goods sold of $384,400. The profit margin Is 7 percent and the accounts payable period is 30.5 days. What is the average accounts payable balance? Assume 365 days per year. Multiple Choice $36,709.82 $29,44434 S88.22295 S3212110 $34,415.46
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