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 average monthly car payment on a new vehicle in 2017 is a hefty $479, and as of 2016, the average car loan was a whopping $30,032 with an average length of 68 months â thatâs over five and a half years! Interest rates on auto loans are also rising and will cost you well over 4 percent annually on average.