Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. company abc has an inventory. of 84.7 days in acco

Company ABC has an inventory. Of 84.7 days in Accounts Payable. And 43.2 days in...

90.2K

Verified Solution

Question

Accounting

Company ABC has an inventory. Of 84.7 days in Accounts Payable. And 43.2 days in accounts receivable. 40.7 days management is considering an offer from their suppliers pay within 10 days and receive it receive a discount of 2% as a new discounts taken the Accounts Payable. As expected decline by 30.4 days what will be the new operating cycle give it to change the payables period?
image
Question 50 1 pts Company ABC has an inventory period of 84.7 days, an accounts payable period of 43.2 days, and an accounts receivable period of 40.7 days. Management is considering an offer from their suppliers to pay within 10 days and receive a discount of 2 percent. If the new discount is taken, the accounts payable period is expected to decline by 30.4 days. What will be the new operating cycle given the change in the payables period? 125.4.1 days 115.7 days 95.9 days 124.574 days 126.3 days Previous MacBook Air

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

A machine is used to fill soda bottles The a bottle varies slightly Suppose the...

Basic Math
Q

Part 1:Things that attract little bits of paper are said to be electrically charged. The attraction...

Physics
Q

1) What are the three types of plagiarism discussed in the textbook? Please explain each of...

Psychology
Q

Prove that in a cubic crystal, a direction [hkl] is perpendicular to the plane (hkl)...

Physics
Q

2. A sequential circuit has two pulse inputs, x1 and x2. The output of the circuit...

Electrical Engineering
Q

Part 1 A company produces steel rods. The lengths of the steel rods are normally distributed with...

Basic Math
Q

aitosis The diagram shows a cellular process that occurs in organisms What is the name...

Biology
Q

A free uniform disc of mass m 1 kg and radius R 1 m is...

Physics
Q

Consider the following a Find an approximation to the integral using a Riemann sum with...

Calculus
Q

Dylan & Christine (Earth Bottle Case) agreed to unfavourable terms with London Drugs (LD). London...

Accounting
Q

1. Moultrie borrowed $ 200,000 from Bank of Scotland with 6% interest for one year...

Accounting
Q

Suppose Bookholders sells 1,000 used text books per day at an average price of $30,...

Accounting