Blue wave Manufacturing purchased raw materials worth $50,000 on credit. Later, it paid $20,000 in cash towards the outstanding balance. What will be the balance in the Accounts Payable account after the payment?

Horison manufacturing problem.

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A supplier has offered to provide the components solve this accounting questions

Which of the following would occur if a company factored $2,500,000 of receivables with a 2% fee? $50,000 debit to factoring fee expense $50,000 debit to factoring fee revenue $2,450,000 credit to cash $2,500,000 debit to accounts receivable

What is the receivables collection period?

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What is the average investment in receivables of this financial accounting question?

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a) Explain the significance of financing with accounts payable. b) Explain (including computations) the rationale of taking a cash discount, such as 2/15, n/40. c) Additionally, determine the approximate balance of accounts payable, if a company stretches its payables to 60 days and on average, they make purchases of $1,000,000 per day from their vendors. d) Explain what the stretching accomplishes if the vendors should be paid in 40 days.