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.
The format is: RATE(nper,pmt,pv,fv,type,guess) 1  360 is the number of periods you pay on the loan (360 months or 30 years) - 2  665.30 is your payment. 3  99,000 is the present value of your loan (how much youâre actually borrowing)