Asked by Patty
Forcasting Payments
If firm pays it's bill with 30 day delay, what fraction of it's purchases will be paid for in the current quarter? In following quarter? What is it's payment delay is 60 day.
30 day 1/2, current all 60 day 1/3
If firm pays it's bill with 30 day delay, what fraction of it's purchases will be paid for in the current quarter? In following quarter? What is it's payment delay is 60 day.
30 day 1/2, current all 60 day 1/3