Find out the average size of receivables if the goods are sold for ₹10,00,000 on a net 60 credit term with an assumption that 25% of the customers do not pay within the prescribed time.
CS Executive · Financial and Strategic Management · PYQS · December 2021
Find out the average size of receivables if the goods are sold for ₹10,00,000 on a net 60 credit term with an assumption that 25% of the customers do not pay within the prescribed time.
Answer & Explanation:
Correct Answer: Option (C)
Official answer key: (C).
Topics: Financial Management
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