The balance in Gigantic Inns (GI) accounts payable averages $164,000, and its payables deferral period (DPO) is
Question:
The balance in Gigantic Inn’s (GI) accounts payable averages $164,000, and its payables deferral period (DPO) is 10 days.
(a) How much does GI normally purchase each day from its suppliers.
(b) If GI’s opportunity cost is 8 percent, how much can the company save if it can increase its DPO by five days?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answered By
Mary Boke
As an online tutor with over seven years of experience and a PhD in Education, I have had the opportunity to work with a wide range of students from diverse backgrounds. My experience in education has allowed me to develop a deep understanding of how students learn and the various approaches that can be used to facilitate their learning. I believe in creating a positive and inclusive learning environment that encourages students to ask questions and engage with the material. I work closely with my students to understand their individual learning styles, strengths, and challenges to tailor my approach accordingly. I also place a strong emphasis on building strong relationships with my students, which fosters trust and creates a supportive learning environment. Overall, my goal as an online tutor is to help students achieve their academic goals and develop a lifelong love of learning. I believe that education is a transformative experience that has the power to change lives, and I am committed to helping my students realize their full potential.
4+ Reviews
21+ Question Solved
Related Book For 
Cfin4 Plus Coursemate Printed Access Card 2014
ISBN: 9781285434544
1st Student Edition
Authors: Scott Besley, Eugene F. Brigham
Question Posted:
