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Managing Accounts Payable

Authored by Elaina Cortez

Business

11th Grade

Used 2+ times

Managing Accounts Payable
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6 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

15.4b Referring to your answer to part ‘a’, state whether the Accounts Payable Turnover is satisfactory. Justify

your answer.

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OFF

2.

OPEN ENDED QUESTION

3 mins • 1 pt

15.4c. Suggest two strategies the owner could implement to improve the firm’s Accounts Payable Turnover.

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OFF

3.

OPEN ENDED QUESTION

3 mins • 1 pt

15.4d. State two possible consequences of exceeding the terms offered by the supplier.

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

15.5b. Referring to your answer to part ‘a’, state whether the Accounts Payable Turnover is satisfactory. Justify

your answer.

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OFF

5.

OPEN ENDED QUESTION

3 mins • 1 pt

15.5c. State one positive consequence of exceeding the credit terms offered by suppliers.

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OFF

6.

OPEN ENDED QUESTION

3 mins • 1 pt

15.5d. Explain how paying early could improve the liquidity and profitability of Mildura Fashions.

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OFF

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