Visions designs, markets, and distributes audio and gaming headphones, earbuds, and speakers. Assume that last year, Visions reported cost of goods sold of $156 million. Assume that this year, cost of goods sold was $115 million. Accounts payable was $23 million at the end of last year and $17 million at the end of this year. Required: 1. For this year, compute the average number of days that Visions's accounts payable are outstanding. Note: Do not round intermediate calculations and round your final answer to the nearest whole number. Use 365

Visions designs, markets, and distributes audio and gaming headphones, earbuds, and speakers. Assume that last year, Visions reported cost of goods sold of $156 million. Assume that this year, cost of goods sold was $115 million. Accounts payable was $23 million at the end of last year and $17 million at the end of this year. Required: 1. For this year, compute the average number of days that Visions's accounts payable are outstanding. Note: Do not round intermediate calculations and round your final answer to the nearest whole number. Use 365

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

where in quickbooks will i enter it
Subject - account Please help me. Thankyou.
Clicking Generate at the bottom of the A/P Create Payment Batch form creates a payment batch. Group of answer choices. True False
please step by step solution.
please quickly thanks !! Please explain distinction and connection of draft, promissory and check.
Clicking Generate at the bottom of the A/P Create Payment Batch form creates a payment batch. Group of answer choices. True False
What does the QuickBooks Online Check Register do?
when viewing a detail level report, such as Open Invoices Report, what happens when you double click on the amount shown on any particular transaction?
what is the differnce between quickbooks online and QuickBooks desktop?
Explain the Golsen Rule and, in your own words, provide an example of the application of the Golsen Rule. 4 MacBook Air Fo
How can you get your purchase receipts into QuickBooks Online for automatic categorization and matching to your bank feed? O Convert the physical receipts to CSV or TXT files. O Use the Import tool. Set up a transfer for each purchase. O Upload images of them using the built-in receipt capture feature.