To calculate payables turnover, an increase in merchandise inventory must be added to cost of goods sold before dividing by average accounts payable

Shifting demand from peak to off-peak periods is beneficial if the discount given

A) during the off-peak period is more than offset by the decrease in cost because of a larger peak. B) during the off-peak period is more than offset by the decrease in cost because of a smaller peak. C) during the peak period is more than offset by the decrease in cost because of a smaller peak. D) during the peak period is more than offset by the decrease in cost because of a larger peak. c

All the following variables are used in computing the cost of debt EXCEPT

A) risk-free rate. B) number of years to maturity. C) market price of the debt. D) maturity value of the debt.