
Concept explainers
Concept Introduction:
Days Payable outstanding (DPO):
Days payable outstanding is the time in days which the company takes to pay off its accounts payable. Day's payable outstanding is calculated using the following follows:
Requirement-1:
Amount of accounts payable reported by Apple Inc as on Sept. 30, 2017 and Sept. 24, 2016
Concept Introduction:
Days Payable outstanding (DPO):
Days payable outstanding is the time in days which the company takes to pay off its accounts payable. Day's payable outstanding is calculated using the following follows:
Requirement-2:
To calculate:
The Days Payable Outstanding of Apple Inc as on Sept. 30, 2017 and Sept. 24, 2016
Concept Introduction:
Days Payable outstanding (DPO):
Days payable outstanding is the time in days which the company takes to pay off its accounts payable. Day's payable outstanding is calculated using the following follows:
Requirement-3:
If apple is making early payments to its supplier in the year ending as on Sept. 30, 2017 as compared with year ending on Sept. 24, 2016

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Chapter 7 Solutions
Fundamental Accounting Principles
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