Annual credit sales Rs. 4,00,000; Average collection period 45 days (assume 360 days in a year). What is Average debtors?

Related MCQs

• 80% of sales of 10,00,000 of a firm are on credit. It has a Receivable Turnover of 8. What is the Average collection period (360 days a year) and Average Debtors of the firm?
• Kanji Company had sales last year of Rs. 265 million, including cash sales of Rs. 25 million. If its average collection period was 36 days, its ending accounts receivable balance is closest to . (Assume a 365-day year.)
• Ninety-percent of X company's total sales of $600,000 is on credit. If its year-end receivables turnover is 5, the average collection period (based on a 365-day year) and the year-end receivables are, respectively:
• If the sales of the firm are . 60,00,000 and the average debtors are . 15,00,000 then the receivables turnover is
• In response to market expectations, the credit pence r j been increased from 45 days to 60 days. This would result in
• Increasing the credit period from 30 to 60 days, in response to a similar action taken by all of our competitors, would likely result in:
• The credit policy of Spurling Products is "1.5/10, net 35." At present 30% of the customers take the discount, 62% pay within the net period, and the rest pay within 45 days of invoice. What would receivables be if all customers took the cash discount?
• If the average balance of debtors has increased, which of the following might not show a change in general?
• ____________ indirect form of working capital financing and bank assume only the risk the credit being provided by the supplier himself
• What is the value of the tax shield if the value of the firm is $5 million, its value if unlevered would be $4.78 million, and the present value of bankruptcy and agency costs is $360,000?