Question
Receivables Velocity/average collection period of the
company? Read the following information to answer the below questions:  Net Sales = 40,00,000 (20 % GP Element) out of which 40% is on credit. Opening Inventories were 60 % of closing inventories. Opening Receivables are 120,000. ÂSolution
365 days/ Receivables turnover ratio 365 days/ 6.92 times = 53 days
More Accounts Questions
Physical limitation of a signal is called?
What is a smart contract in the context of blockchain technology?
Which operator is used to allocate dynamic memory in C++?
Which of the following uses the Harvard architecture?
How is dynamic memory deallocated in Java?
The average number of comparisons in sequential search is
Which tool is used to build data pipelines and workflows in Hadoop-based systems?
XML is designed to ____ and ____ data)
How many dimensions are selected in dice operation?
The question of whether P = NP is one of the most famous open problems in computer science. Which statement best describes this question?
Relevant for Exams:
