Determining average accounts payable, Finance Basics

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Determining average 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 terms if 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 fir APP?

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Finance Basics: Determining average accounts payable

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Finance Basics: Determining average accounts payable

Reference No:- TGS051044

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Recent Questions Asked Finance Basics

Q : Expected change in the firm stock price

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Request for Solution File

Ask an Expert for Answer!!

Finance Basics: Determining average accounts payable

Reference No:- TGS051044

Recent Questions Asked Finance Basics

Q : Expected change in the firm stock price

Q : What effect would the ira contribution have

Q : Descriptive study that allows researchers

Q : Find price elasticity of demand measuring responsiveness

Q : Determining average accounts payable

Q : Compute the segment margin problem

Q : Heart disease in the african american community

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