Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. a chain of appliance stores, app corporation, purc

A chain of appliance stores, APP Corporation, purchases inventory with a net price of $750,000...

90.2K

Verified Solution

Question

Finance

A chain of appliance stores, APP Corporation, purchases inventory with a net price of $750,000 each day. The company purchases the inventory under the credit terms of 1/15, net 30. APP always takes the discount but takes the full 15 days to pay its bills. What is the average accounts payable for APP? Round your answer to the nearest dollar.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Statistics
1.2K views

10. In a recent study on world​ happiness, participants were asked to evaluate their current lives...

Chemistry
1.2K views

Glycine, C2H5O2N, is important for biological energy. The combustion reaction of glycine is described by the...

Programming
1.2K views

Lab 11 C++ Download the attached program and run it - as is. It will prompt for...

Psychology
1.2K views

1. How does marital satisfaction change over the course of a marriage? What factors influence marital satisfaction? 2....

Psychology
1.2K views

Give an analysis of behaviorism and include the theoretical underpinnings of the movement and the primary...

Electrical Engineering
1.2K views

Please answer the following: a. What are the key design issues for a microprocessor instruction set? b. Why...

General Management
1.2K views

Determine how you would assess demand for and the cost to produce your product or deliver...

Biology
1.2K views

What does the science root word "synthesis" mean? A. to build or makeB. to...

Biology
1.2K views

Which of the following are found as part of ALL cells Please choose all that...

Biology
1.2K views

Choose the correct answer The movement aimed at returning control of the government to the...

Geometry
1.2K views

1 m A 63 and m B 42 2 m B 39 and m C...

Accounting
1.2K views

PLEASE ANSWER ASAP Required information [The following information applies to...