Your firm sells $6,000 worth of goods in December, $4,700 worth in January, $5,100 in February, and

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$5,800 in March. Your cost is 65% of your selling price. You have a receivables period of 30 days and a

payables period of 60 days. You buy your products one month prior to selling them. How much will you pay on

your accounts payable in February?

Posted Date: May 13, 2024 02:07 AM

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Your firm sells $6,000 worth of goods in December, $4,700 worth in January, $5,100 in February, and

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Accounts Payable Calculation for February Heres how to calculate how much your firm will ... View the full answer

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