Windows Phone put a significant drag on Microsoft's fourth-quarter earnings, released Tuesday. Revenue for the troubled platform decreased by $552 million, or 68 percent. Both Lumia and non-Lumia phone revenue declined, which Microsoft attributes to lower volumes and lower-priced devices.
average payment period. Definition. APP. The number of days a company takes to pay off credit purchases. It is calculated as accounts payable / (total annual purchases / 360). Use this term in a sentence. â You should always know how long your average payment period will be so that you can be prepared when the time comes.
Credit sales, from the income statement, were $215,600 for 2008. Here's the formula: ACP=$8,960/$215,600/365 = 15 days. This means that, on average, customers pay their credit accounts every 15 days. As a basis for comparison, further imagine that in 2007, average collection period for this company was 20 days.This means that it dropped by 5 days from 2007 to 2008. The average collection period improved from 2007 to 2008.redit sales, from the income statement, were $215,600 for 2008. Here's the formula: ACP=$8,960/$215,600/365 = 15 days. This means that, on average, customers pay their credit accounts every 15 days. As a basis for comparison, further imagine that in 2007, average collection period for this company was 20 days.