Question
A firm extends credit from 30 to 60 days to push sales,
increasing receivables by ₹5 crore. Cost of capital is 12%. What is the annual carrying cost?Solution
Carrying cost = ₹5 crore × 12% = ₹60 lakh annually.
Consider the following statements about the Unified Payments Interface (UPI):
I. UPI recorded 14.04 billion transactions in May.
II. The t...
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