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
Poet Kuvempu, has compared the ‘flight of herons on the sky’ near Tunga River bank to which of the following?
What, according to the passage was the reason behind less interest in the recent 500 MW power tender?
Why is there a need of strong regulation in the Indian health insurance and hospital sectors?
What should be banks be good at accessing?
Which of the following word is similar in meaning to imperial as used in the passage?
Which one of the following maybe a suitable meaning of the following phrase ‘brushed under the carpet’ as used in the passage above.
...Directions: Four statements are given below labelled 1), 2), 3), 4) and 5). Among these, four statements are in logical order and form a coherent parag...
What else in the end does the author suggest to improve the air for the residents ?
Choose the words which are most nearly the same in meaning to the words mentioned below.
Plausible
Which of the following is true regarding schemes like PMMY?
(i) these schemes mainly help farm activities.
(ii) they fund manufacturing, t...
Relevant for Exams:
