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 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

Otras preguntas

How to graph sin waves?
is absent a double consonant repeated
To my knowledge, the answer should be there is no difference since I found the sum, however the answer is something else, could someone please explain
find the average of 10 18 and23
In what ways do landforms affect other physical patterns, such as the shape of rivers?
Why is the slope intercept form of the function that contains the points (5,6) and (9,14)? y=_______x+_______
Larger cells will divide because they have trouble doing what?
How do I draw Scaredy Squirrel?
Solve and simplify: 2/3 x 3/5 x 5/10 x 6/8 =
If you visit the Senate chamber during a session on an average day, you're most likely to find the session presided over by