If a company has RM200,000 in Costs of goods sold, RM 15,000 inventories and RM 12,500 inventories. What is its average payment period?
Question
Solution 1
1. Break Down the Problem
To find the average payment period, we need to identify the relevant components:
- Cost of Goods Sold (COGS): RM200,000
- Inventories: RM15,000
- Accounts Payable: RM12,500
The average payment period can be derived using the formula: [ \text{Average Payment Period} Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI
Similar Questions
if we want to calculate annual increase in a firm then which of the following average will be used?
Mr. Joseph borrowed $18900 at 13.5% per annum and repaid $12 757.50 simple interest.Calculate the period of the loan
A company started the year with $10,000 of inventory. Purchases for resale during the year were$20,000. Inventory on December 31 is $5,000. What's the cost of goods sold?
If you know that total fixed cost is $200, total variable cost is $600, and total product is 4 units, then average total cost must be
A project that costs $24,000 today will generate cash flows of $7,900 per year for seven years. What is the project's payback period?
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.