A chain of appliance stores, APP Corporation, purchases inventory with a net price of $600,000 each day.

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A chain of appliance stores, APP Corporation, purchases inventory with a net price of $600,000 each day. The company purchases the inventory under the credit terms of 2/15, net 35. APP always takes the discount, but takes the full 15 days to pay its bills. What is the average accounts payable for APP?

Posted Date: Jun 26, 2024 12:41 AM

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A chain of appliance stores, APP Corporation, purchases inventory with a net price of $600,000 each day.

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