Post Utme Al Hikmah University 2017 Commerce Question 27

Practice objective / multiple choice question 27 from the 2017 Post Utme Al Hikmah University Commerce examination.

Post Utme Al Hikmah University 2017 Commerce Objective / Multiple Choice
Question 27 POST_UTME_AL-HIKMAH_UNIVERSITY • 2017 • COMMERCE • objective

A business has a 'Trade Payables' turnover of 10 times per year. If the 'Trade Payables' are ₦750,000, what is the 'Average Payment Period'?

Answer Options

A. 75 days
Correct Answer B. 87.5 days
C. 100 days
D. 112.5 days
Correct Answer
B
Correct Option:
87.5 days

About This Question

This is Post Utme Al Hikmah University 2017 Commerce Question 27. It is one of the objective questions from the 2017 Post Utme Al Hikmah University Commerce examination.

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