Cash management task 1.3 C
Asheikh
Registered Posts: 3
Hi,
Can someone please help me with the following question on the AAT practice assessment.
Purchases
The company pays its suppliers on the basis of 25% one month after the date of purchase, 40% two months after the date of purchase and 35% three months after the date of purchase.
At the end of period 3, the balance of trade payables is forecast to be:
Balance from Period 1 30135
Balance from Period 2 66900
Balance from Period 3 92400
Trade payables at the end of period 3 189435
complete the table below to identify the value of trade payables at the end of period 3 that will be paid in periods 4 and 5.
Settlement of trade payables Period 4 ?
Settlement of trade payables Period 5?
Help would be much appreciated!
Can someone please help me with the following question on the AAT practice assessment.
Purchases
The company pays its suppliers on the basis of 25% one month after the date of purchase, 40% two months after the date of purchase and 35% three months after the date of purchase.
At the end of period 3, the balance of trade payables is forecast to be:
Balance from Period 1 30135
Balance from Period 2 66900
Balance from Period 3 92400
Trade payables at the end of period 3 189435
complete the table below to identify the value of trade payables at the end of period 3 that will be paid in periods 4 and 5.
Settlement of trade payables Period 4 ?
Settlement of trade payables Period 5?
Help would be much appreciated!
0
Comments
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I'm having trouble working this one out too0
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i am waiting on someone to answer it.0
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This sounds very familiar. I'm not studying Cash Management, though I have definitely read details of this question, have you tried searching other CM topics?
...and this isn't the post I was thinking about, though is the same question.
https://forums.aat.org.uk/Forum/discussion/444987/aat-cash-management-sample-assessent-1-task-3-c0
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