Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The purchases of inventories by GH Stores for 2023 were forecast at R3 240000 , of which 40% is expected to be on credit. The
The purchases of inventories by GH Stores for 2023 were forecast at R3 240000 , of which 40% is expected to be on credit. The debtors collection period is estimated to be 73 days and the creditors payment period is forecasted at 36.5 days. How much is expected to be owed to the creditors at the end of 2023 ? A. R324000 B. R194400 C. R129600 D. R259 200
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started