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A company calculates its accounts payable payment period as follows: Closing trade payables Credit purchases X 365 Which
Posted: Mon Apr 11, 2022 6:30 am
by answerhappygod
- A Company Calculates Its Accounts Payable Payment Period As Follows Closing Trade Payables Credit Purchases X 365 Which 1 (40.77 KiB) Viewed 38 times
A
company calculates its accounts payable payment period as follows: Closing trade payables Credit purchases X 365 Which of the following factors will cause the accounts payables payment period in days to be higher compared to previous years? (1) An extension of the credit period offered to its customers (2) Poor long-term financial management resulting in the use of extended trade credit from suppliers (3) Two major suppliers offering a significant cash discount for early payment O 1.2 and 3 1 and 3 only 2 and 3 only 2 only