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(1)
Unconditional purchase obligation means it’s an obligation to supplier that the company pays the amount in future &this amount is not be fixed. This amount payable against the purchase of goods and delivery always before the payment of cash.
To discuss:
The total amount of company −A future payment for unconditional purchase obligation.
(2)
Unconditional purchase obligation means it’s an obligation to the supplier that the company payable the amount in future this amount is not be fixed. This amount payable against the purchase of goods and delivery always before the payment of cash.
To compute:
The ratio of unconditional purchase for future payment and total liabilities.
(3)
Accounts payable ratio shows that how much time taken by the company for payment the accounts payable.
In this question compare the result with future payment and accounts payable.
To compute:
Comparison of the results of two ratios either greater or less.
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Chapter 3 Solutions
Managerial Accounting + Connect Access Card
- AccountingAccountingISBN:9781337272094Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.Publisher:Cengage Learning,Accounting Information SystemsAccountingISBN:9781337619202Author:Hall, James A.Publisher:Cengage Learning,
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