Question
Annual sales of a company are ₹36,00,000, out of which
25% are cash sales. The balance represents credit sales. The company’s Debtors at year-end are ₹6,00,000, and additionally, Bills Receivable worth ₹3,00,000 are held. Assuming a 360-day year, calculate the Average Collection Period (ACP).Solution
1. Step 1: Find credit sales Credit Sales = Total Sales − Cash Sales = 36,00,000 − (25%×36,00,000) = 36,00,000 − 9,00,000 = ₹27,00,000 Step 2: Average Receivables Debtors + Bills Receivable = ₹6,00,000 + ₹3,00,000 = ₹9,00,000 3. Step 3: Debtors Turnover Ratio (DTR) DTR = Credit Sales/Average Receivables = 27,00,000/ 9,00,000 = 3 Step 4: Average Collection Period (ACP) ACP = 360/ DTR = 360/ 3=120 days
- The six-digit number '83219y' is divisible by 6, but not by 5. What is the value of (2y + 5)?
If a, 1, b are in arithmetic progression and 1, a, b are in geometric progression, then a and b are respectively equate to _______ (where a ≠ b).
Arun has 96 toy cars – some red and some black. If he buys 36 more red toy cars, the ratio of red to black cars becomes 7:5. Find the number of red to...
A test consists of 20 questions, where each question is worth either 3 marks or 5 marks. The total marks for the entire test add up to 70. How many ques...
Find the sum of the first 10 natural numbers.
Find the smallest digit to be put in the place of the symbol @ in the number 57@92, so that the number becomes divisible by 3.
Let x represent the largest number that can divide the numbers 603, 1698, and 1041, leaving the same remainder in each case. Calculate the value of 2x�...
In an examination, two students participated, where one student scored 15 marks higher than the other. If the higher-scoring student's marks constitute ...
Six numbers are arranged in decreasing order. The average of the first five numbers is 40, and the average of the last five numbers is 35. What is the d...
- The combined number of apples with John and Paul is 10 more than the number with George. Also, Paul and George together have 6 more apples than John. If Jo...
