An amount of R129 600 is expected to be owed to the creditors by AR Traders at the end of 2023. The creditor payment period is forecasted at 73 days. How much is the expected credit purchases of AR Traders for 2023? A R177 534.25 B. R9 460 800 DC. R648 000 D. The credit purchases cannot be determined from the information provided

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question
None
An amount of R129 600 is expected to be owed to the creditors by AR Traders at the end
of 2023. The creditor payment period is forecasted at 73 days. How much is the expected
credit purchases of AR Traders for 2023?
A
R177 534.25
B. R9 460 800
DC.
R648 000
D.
The credit purchases cannot be determined from the information provided
Transcribed Image Text:An amount of R129 600 is expected to be owed to the creditors by AR Traders at the end of 2023. The creditor payment period is forecasted at 73 days. How much is the expected credit purchases of AR Traders for 2023? A R177 534.25 B. R9 460 800 DC. R648 000 D. The credit purchases cannot be determined from the information provided
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education