Maurice Tutor

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    Argosy University/ Phoniex University/
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Category > Accounting Posted 31 Jul 2017 My Price 3.00

Winslow Enterprises

Winslow Enterprises reports $40,000 in accounts payable on the balance sheet as of December 31, 2011. These payables, on average, will be paid in ten days.
a. Assuming a 12 percent annual discount rate, approximate the present value of the cash outflows associated with the accounts payable.
b. Why are accounts payable carried on the balance sheet at face value instead of present value?

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Maurice Tutor
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Status NEW Posted 31 Jul 2017 08:07 AM My Price 3.00

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