Kristarsquos sells 4000 worth of goods in december 2800, Ask an Expert

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Krista’s sells $4,000 worth of goods in December, $2,800 worth in January, $3,200 in February and $3,500 in March. The wholesale cost is 65 percent of the retail price. The firm has a receivables period of 30 days, a payables period of 60 days, and buys inventory one month prior to selling it. What is the accounts payable balance at the end of January?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91779227

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