=+LG 5 P1616 Accounts receivable as collateral Lifestyle International, a wholesales company in India, is looking to

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=+LG 5 P16–16 Accounts receivable as collateral Lifestyle International, a wholesales company in India, is looking to get a loan using its accounts receivable as collateral. The firm’s credit extension is net-30-day credit. The amounts that are owed Lifestyle by its main clients, the average for each account, and the average payment period from each client are shown in the following table.

Customer Account receivable (INR, )
Average age of account Average payment period of customer Titan Company 300,000 30 days 35 days Shoppers Stop 420,000 25 50 United Colors of Benetton India 100,000 40 60 Future Retail 80,000 30 35 Puma Sports India 55,000 27 40 Marks and Spencer Reliance India 22,000 55 50 Kewel Kiran Clothing 150,000 60 65 Aditya Birla Retail 220,000 25 30 Provogue India Ltd. 44,000 35 40 Pantaloons Retail 85,000 20 30 Reliance Retail 50,000 65 70

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I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening. My Expert Service Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities

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