What is the average accounts payable for app

Assignment Help Accounting Basics

Reference no: EM131525402

Question: 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: EM131525402

Questions Cloud

What is the company average accounts receivable : Medwig Corporation has a DSO of 17 days. The company averages $3,500 in credit sales each day. What is the company's average accounts receivable?

Result of the commission findings : You are the training manager and have been asked to provide training to all employees as a result of the commission findings.

Brief summary of the key point of the article : This assignment requires you to locate, and read a current article. A brief summary of the key point(s) of the article

Example of a complaint procedure : What is a good example of a complaint procedure that allows staff issues to be heard as well as supports the rights and interests of management?

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.

Everything flows from a proper job analysis in hr : Everything flows from a proper job analysis in HR. What other functions of HR might be affected by a poor job analysis? Can anyone think of a good example?

What is the days sales 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.

Real issue necessitating the conversation : Identify the "real" issue necessitating the conversation. Describe your goal in speaking with an employee.

Calculate the nominal annual cost of nonfree trade : Calculate the nominal annual cost of nonfree trade credit under each of the following terms. Assume payment is made either on the due date or on the discount.

Reviews

Write a Review

Required(*) Message

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

User Account

All Pages