Answered

A chain of appliance stores, APP Corporation, purchases inventory with a net price of $600,000 each day. The company purchases the inventory under the credit terms of 2/15, net 30. APP always takes the discount but takes the full 15 days to pay its bills. What is the average accounts payable for APP

Answer :

oreoluwa2001ng

Answer:

Explanation: Here we are to calculate the average amount payable by APP Corporation.

Average accounts payable = net inventory per day x days in discount

Average accounts payable

= $600,000 x 15

= $9,000,000

Other Questions