Cannon3423 Cannon3423

20-07-2021
Business

contestada

If a firm has a cash cycle of 30 days and an operating cycle of 64 days, what is its average payment period

Respuesta :

Parrain Parrain

21-07-2021

Answer: 34 days

Explanation:

The average payment period is a measure that is used to show the time the firm takes on average to pay its creditors.

The formula is:

Cash cycle = Operating cycle - Average payment period

30 = 64 - APP

APP + 30 = 64

APP = 64 - 30

APP = 34 days

Answer Link

ACCESS MORE

Otras preguntas

What is meant by the "partition" of India in 1947?

Which of the following would NOT be an example of a long-term goal? a. lose 30 pounds in eight months b. run a marathon in two years c. run a 5k in three weeks

What is one negative effect of the huge oil reserves in Nigeria? (1 point) a.deforestation b.desertification c.air and water pollution d.unemployment

which is bigger 21/23 or 29/32

If you subtract the atomic number from the weight, what is the interpretation of the answer? (e.g. 14-7=7; Think of a subatomic particle).

what is the nearest hundred of 403.12

a video game enthusiast saved $750 to spend on a video game player and games. The player costs $400. the games cost $49 each. at most, how many games can the en

Complete the pattern what is the reasoning 6,500,000 and 65,000 and 6,500 and 6.5 and 0.65

Jason and his 3 roommates share the cost of the electric bill evenly

Which of the following is the least important factor of a personal fitness program? a. the individual's personal conditions b. the availability of resources c.