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.
Popular Terms. The average time it takes either for a business to pay its creditors or for debtors to pay what they owe. Average settlement period for creditors = trade creditors x 365 days / credit purchases. Average settlement period for debtors = trade debtors x 365 days / credit sales.