At 1 November, 2012 Brian owed Rs. 28754 to his suppliers. During the year he paid his suppliers a total of Rs. 185844. At 31st October, 2013 he owed Rs. 26189. What was the value of Brians credit purchases in the year to 31st October 2013
Answers
Answer:
"2013" (and any subsequent words) was ignored because we limit queries to 32 words.
Explanation:
mark me brain list
Concept:
Brian purchased 28754 worth goods on credit in 2012 and 26189 in 2013.
A credit purchase, also referred to as buying something "on credit," is when you order something that you will receive today but have to pay for later.
Your FICO score is being destroyed by the collateral they hold against you (or credit score).
To lower the barrier or threshold of the transaction, businesses provide credit purchases, which boosts their earnings.
In a business-to-business setting, a company may offer its products or services for purchase on credit and then collect payment for the invoice later.
B2B companies occasionally use 2/10 Net 30 credit terms, which give a 2 percent reduction on the invoice if the payment is made within 10 days; otherwise, the invoice must be paid in full within 30 days.
This aids businesses in increasing their ratio of accounts receivable turnover and preventing lingering unpaid invoices.
Given:
2012
Owed 28754, paid 185844
2013
Owed 26189
Find:
Credit purchases
Solution:
Total credit purchases = 28754+ 26189 = 54943
Total credit purchases = 54943
#SPJ2