FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

KMT Companys Average Accounts payable is OMR 550,000 and total Purchases is OMR 1000,000.TheCashpurchasesare 20% of total purchases.In this case,the Average payment period of the

KMT Companys Average Accounts payable is OMR 550,000 and total Purchases is OMR 1000,000.TheCashpurchasesare 20% of total purchases.In this case,the Average payment period of the company will be:

a.

200.75 days

b.

None of these

c.

132.73 days

d.

250.94 days

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

67. A coin having probability p of coming up heads is continually flipped. Let Pj(n) denote the probability that a run of j successive heads occurs within the first n flips. (a) Argue that Pj(n) =...

Answered: 1 week ago

Question

★★★★★
A plane wall of a furnace is fabricated from plain carbon steel (k = 60 W/m K, p = 7850 kg/m 3 , c = 430 J/kg K) and is of thickness L = 10 mm. To protect it from the corrosive effects of the...

Answered: 1 week ago

Question

★★★★★
Entries for Stock Dividends Advanced Life Co. is an HMO for businesses in the Albuquerque area. The following account balances appear on the balance sheet of Advanced Life Co.: Common stock (410,000...

Answered: 1 week ago

Question

★★★★★
With the current Covid-19 crisis, what are 3 issues that a factory type company should be concerned about and suggestions to the board on how to address these issues.

Answered: 1 week ago

Question

★★★★★
Men are more likely than women to use stress coping by blaming others. In conclusion, Men, and Women equally use blaming others and copying mechanisms. The average for both seems to be slightly lower...

Answered: 1 week ago

Question

★★★★★
Your workplace is experiencing change, the owner of the company is deciding to selling the company. Explain how this change will affect the company and the employees. Opening: Tell the audience what...

Answered: 1 week ago

Question

★★★★★
Scenario: Current COVID-19 situation Analyze the business environment for WestJet Airlines in Canada, using Porter's Five Forces model.

Answered: 1 week ago

Question

★★★★★
Furniture City Bikes would like a firm quote of two materials; Deluxe Touring Bike (Black) and Women's Off Road Bike. GBI has determined to use SAP ERP in order to quickly react to the customer...

Answered: 1 week ago

Question

★★★★★
It is essential to understand what constitutes ethical research practices in qualitative research. After reviewing the Learn material for this module and conducting your own outside research, please...

Answered: 1 week ago

Previous Question Next Question