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Average accounts payable cycle.
Use the following account information to calculate Rian​ accounts payable cycle. 2013 and 2014 Selected Balance Sheet Accounts of Rian Company
Company ' s average
P13-8( similar to)
Average accounts payable cycle. Use the following account information for Rian Company. 2013 and 2014 Selected Balance Sheet Accounts of Rian Company
Rian Company had set a target of 16.6 days for its payment​( accounts payable) cycle. What would the ending balance in the accounts payable account
for 2014 have needed to be to reach this target​( holding all other accounts the​ same)?
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Average accounts payable cycle.

Use the following account information to calculate Rian​ accounts payable cycle. 2013 and 2014 Selected Balance Sheet Accounts of Rian Company

Company ' s average

2014 Selected Income Statement Items for Rian

Company

Cash sales

$ 539000

Credit sales

$ 664000

Total sales

$ 1203000

Cost of goods sold

$ 632489

P13-8( similar to)

Average accounts payable cycle. Use the following account information for Rian Company. 2013 and 2014 Selected Balance Sheet Accounts of Rian Company

Rian Company had set a target of 16.6 days for its payment​( accounts payable) cycle. What would the ending balance in the accounts payable account

for 2014 have needed to be to reach this target​( holding all other accounts the​ same)?

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