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Debtors Collection Period - Formula Fomula is given below: Debtors collection period = 365/ Debtors turnover Or (365 x Average debtors)/ Annual credit sales This
The average of the industry current ratio was 1.86 for 2004, 0.86 for 2005, and 0.87 for 2006. Lenovo had higher current ratio than the industry average in 2004. At that time, thei
Objectives of Business Entity The Main objectives of a business entity are clarified in detail below. Any business firm would have specific objectives that it aims at achievin
The information in the table below is available for a large fund-raising project. a. Determine the critical path and the expected completion time of the project. b. Plot the
What are the significant points of Fiscal Policy? Significant points of Fiscal Policy: a. Meaning of fiscal policy and why this is an significant tool into managing economic
List and describe the three career opportunities in the field of finance. Finance has three major career paths that are financial management, financial markets and institutions
Setting a Reorder Point - ROP Once the order quantity has been determined, the next question to be settled is when to place the order. If an order is released and it takes th
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Investment Analysis Any type of company will invest finance for the sake of deriving a return that is useful for four main purposes as: 1. To reward the owners or shareholder
Discounts and Credit Terms Credit Terms Credit terms involve both the length of the credit time and the discount specified. The terms 2/10, n/30 means that a 2 percent d
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