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What are the average accounts payable for accounts payable

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Accounts Payable

  • A chain of appliance stores, APP Corporation, purchases inventory with a net price of $500,000 each day. The Company purchases the inventory under the credit of 2/15, net 40. APP always takes the discount but takes the full 15 days to pay its bills.

Question 1: What are the average accounts payable for APP?

Reference no: EM132519186

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