Question
Suppose the average collection period (ACP) of a firm falls from 45 days to 25 days and the firm has annual (365 days) sales of
Suppose the average collection period (ACP) of a firm falls from 45 days to 25 days and the firm has annual (365 days) sales of RM14.6 million. How will the firms receivables change?
Select one:
A.
Fall by RM40,000.
B.
Rise by RM800,000.
C.
Fall by RM800,000.
D.
Rise by RM40,000.
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Of Synthetic Finance Three Essays Of Speculative Materialism
Authors: Benjamin Lozano
1st Edition
1138790842, 978-1138790841
