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: D a y ’ s p a y a b l e o u t s t a n d i n g = ( A c c o u n t s P a y a b l e * 365 ) C o s t o f S a l e s Requirement-1: Amount of accounts payable reported by Apple Inc as on Sept. 30, 2017 and Sept. 24, 2016

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Answer 1

Question

Chapter 7, Problem 1AA

To determine

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:

Day’s payable outstanding = (Accounts Payable * 365)Cost of Sales

Requirement-1:

Amount of accounts payable reported by Apple Inc as on Sept. 30, 2017 and Sept. 24, 2016

To determine

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:

Day’s payable outstanding = (Accounts Payable * 365)Cost of Sales

Requirement-2:

To calculate:

The Days Payable Outstanding of Apple Inc as on Sept. 30, 2017 and Sept. 24, 2016

To determine

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:

Day’s payable outstanding = (Accounts Payable * 365)Cost of Sales

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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Answer 2

Question

Chapter 7, Problem 1AA

To determine

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:

Day’s payable outstanding = (Accounts Payable * 365)Cost of Sales

Requirement-1:

Amount of accounts payable reported by Apple Inc as on Sept. 30, 2017 and Sept. 24, 2016

To determine

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:

Day’s payable outstanding = (Accounts Payable * 365)Cost of Sales

Requirement-2:

To calculate:

The Days Payable Outstanding of Apple Inc as on Sept. 30, 2017 and Sept. 24, 2016

To determine

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:

Day’s payable outstanding = (Accounts Payable * 365)Cost of Sales

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

Expert Solution & Answer

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Answer 3

Question

Chapter 7, Problem 1AA

To determine

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:

Day’s payable outstanding = (Accounts Payable * 365)Cost of Sales

Requirement-1:

Amount of accounts payable reported by Apple Inc as on Sept. 30, 2017 and Sept. 24, 2016

To determine

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:

Day’s payable outstanding = (Accounts Payable * 365)Cost of Sales

Requirement-2:

To calculate:

The Days Payable Outstanding of Apple Inc as on Sept. 30, 2017 and Sept. 24, 2016

To determine

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:

Day’s payable outstanding = (Accounts Payable * 365)Cost of Sales

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

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 7, Problem 1AA

To determine

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:

Day’s payable outstanding = (Accounts Payable * 365)Cost of Sales

Requirement-1:

Amount of accounts payable reported by Apple Inc as on Sept. 30, 2017 and Sept. 24, 2016

To determine

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:

Day’s payable outstanding = (Accounts Payable * 365)Cost of Sales

Requirement-2:

To calculate:

The Days Payable Outstanding of Apple Inc as on Sept. 30, 2017 and Sept. 24, 2016

To determine

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:

Day’s payable outstanding = (Accounts Payable * 365)Cost of Sales

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

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 5

Chapter 7, Problem 1AA

To determine

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:

Day’s payable outstanding = (Accounts Payable * 365)Cost of Sales

Requirement-1:

Amount of accounts payable reported by Apple Inc as on Sept. 30, 2017 and Sept. 24, 2016

To determine

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:

Day’s payable outstanding = (Accounts Payable * 365)Cost of Sales

Requirement-2:

To calculate:

The Days Payable Outstanding of Apple Inc as on Sept. 30, 2017 and Sept. 24, 2016

To determine

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:

Day’s payable outstanding = (Accounts Payable * 365)Cost of Sales

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

Answer 6

Chapter 7, Problem 1AA

To determine

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:

Day’s payable outstanding = (Accounts Payable * 365)Cost of Sales

Requirement-1:

Amount of accounts payable reported by Apple Inc as on Sept. 30, 2017 and Sept. 24, 2016

Answer 7

Chapter 7, Problem 1AA

To determine

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:

Day’s payable outstanding = (Accounts Payable * 365)Cost of Sales

Requirement-1:

Amount of accounts payable reported by Apple Inc as on Sept. 30, 2017 and Sept. 24, 2016

Answer 8

To determine

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:

Day’s payable outstanding = (Accounts Payable * 365)Cost of Sales

Requirement-2:

To calculate:

The Days Payable Outstanding of Apple Inc as on Sept. 30, 2017 and Sept. 24, 2016

Answer 9

To determine

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:

Day’s payable outstanding = (Accounts Payable * 365)Cost of Sales

Requirement-2:

To calculate:

The Days Payable Outstanding of Apple Inc as on Sept. 30, 2017 and Sept. 24, 2016

Answer 10

To determine

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:

Day’s payable outstanding = (Accounts Payable * 365)Cost of Sales

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

Answer 11

To determine

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:

Day’s payable outstanding = (Accounts Payable * 365)Cost of Sales

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

Answer 12

Expert Solution & Answer

Answer 13

Expert Solution & Answer

Answer 14

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Answer 15

Ch. 7 - Prob. 1QS Ch. 7 - Prob. 2QS Ch. 7 - Identifying general and subsidiary ledgers C2 For...Ch. 7 - QS 7-4 Controlling accounts and subsidiary ledgers...Ch. 7 - QS7-3 Identifying the special journal of...Ch. 7 - Prob. 6QS Ch. 7 - Prob. 7QS Ch. 7 - Prob. 8QS Ch. 7 - QS 7-9 Identifying journal of entry P1 P2 P3...Ch. 7 - Prob. 10QS

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