Solution-What is the average accounts payable for app

What is the average accounts payable for app

Assignment Help Finance Basics

Reference no: EM131103492

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 terms of 2/15, net 40. APP always takes the discount, but takes the full 15 days to pay its bills. What is the average accounts payable for APP?

Reference no: EM131103492

Questions Cloud

Ethics and product consumption paper : Evaluate the company's past performance marketing their product using the six pillars of the marketing code of ethics (as set forth by the American Marketing Association) --honesty, responsibility, caring, respect, fairness, and citizenship.

What is the days sale outstanding : McDowell Industries sells on terms of 3/10, net 30. Total sales for the year are $912,500. Forty percent of the customers pay on the 10th day and take discounts; the other 60 percent pay, on average, 40 days after their purchases.a. What is the days ..

Sketch the electron density in the channel as a function : Sketch the local resistance of the channel (per unit length) as a function of x.

Did wegener reveal his theory of continental drift too soon : Did Wegener reveal his theory of continental drift too soon? For the sake of scientific investigation, how is revealing an explanation for a process early both risky and sometimes necessary?

What is the average accounts payable for app : 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 terms of 2/15, net 40. APP always takes the discount, but takes the full 15 days to pay its ..

Improvement to hotel management in the areas of focus : You are now ready to present a process improvement to hotel management in the areas of focus (check-in, checkout, and hotel offerings).

What should the minimum pipe inside diameter be : Air is flowing through an intake line to a compressor. If the inside diameter of the line is 2.5 inches and the air is moving at a velocity of 40 feet per second, what is the volumetric flow in cubic feet per minute (CFM)?

What do you think is the meaning of kathy : What do you think is the meaning of Kathy's statement that the FASB needs a starting point toresolve accounting controversies?

Consequences of non-compliance : Describe three employment laws and the consequences of non-compliance. Assess how an organization might structure their policies, practices or culture to ensure compliance.

User Account

All Pages

What is the average accounts payable for app

Reference no: EM131103492

Reference no: EM131103492

Questions Cloud

Reviews

Write a Review

Finance Basics Questions & Answers

Financial reporting and analysis

A report on financial accounting

Describe the types of financial ratios

Differences between sole proprietorship and corporation

Prepare a cash budget statement

What are the implied interest rates

State pricing theory and no-arbitrage pricing theory

Small business administration

Effect of financial leverage

Evaluate the basis for the payment to the lender

Importance of opps, ipps, mpfs and dmepos

Time value of money

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT