Aggarwal Inc

question 80

Multiple Choice

Aggarwal Inc. buys on terms of 2/10, net 30, and it always pays on the 30th day. The CFO calculates that the average amount of costly trade credit carried is $375,000. What is the firm's average accounts payable balance? Assume a 3 day year.

• A) $458,160
• B) $482,273
• C) $507,656
• D) $534,375
• E) $562,500

Identify the key components and information on checks and banking documents.

Recognize the various types of checks and their specific uses.

Comprehend the procedures and importance of securely processing checks and cash.

Understand the electronic banking transactions and the role of digital banking today.

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Definitions:

Retain Organization's Personnel

Retaining an organization's personnel involves strategies and practices to keep employees engaged and committed to the company, reducing turnover rates.

Internal Staffing

The process of filling job positions within an organization by recruiting and selecting candidates from the existing workforce.

External Staffing

A recruitment process that involves hiring employees from outside the organization to fill open positions.

Increase Supply

This refers to a strategy or occurrence that leads to a higher quantity of a particular product or service in the market.