Question
A customer’s average monthly sales are ₹10 lakh,
average inventory is ₹8 lakh, and creditors are ₹6 lakh. If the bank finances 60% of inventory and 70% of receivables (which equal 40% of sales), what is the maximum credit limit?Solution
Receivables = 40% × ₹10 lakh = ₹4 lakh Finance on inventory = 60% × ₹8 lakh = ₹4.8 lakh Finance on receivables = 70% × ₹4 lakh = ₹2.8 lakh Total credit limit = ₹4.8 lakh + ₹2.8 lakh = ₹7.6 lakh
Select the most appropriate option to fill in the blank.
The accused refused to ______ the allegations despite clear evidence against him.
These days, home décor is exposed to the _______ of trend and fashion.
Select the most appropriate word to fill in the blank.
I ______ something burning now.
Fill in the blanks with appropriate forms of modals from the alternatives given below each sentence.
You ____ go only when you have finished yo...
Adverb complements the ______ in a sentence
Find out the most effective word from the given options to fill in the blanks of the following question.
1. Although the ______ basis for the f...
Select the most appropriate option to fill in the blank.
The nationalists followed a policy of non-violence to make their ______ successful.
Select the most appropriate word to fill in the blank.
Let us know ______ you change your mind.
She ____________ with a question before I had finished speaking.
Select the most appropriate option to fill in the blank
The two students have been engaged in a bitter ……… for two hours.
...