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Hi All,
This is a question for anyone that’s attempted the CBE extra constructed response questions on the ACCA website and it’s in relation to the 1st question re Trade Receivables.
in the solution – there are 3 different values worked out for the proposed new receivables balances including one at 60 days. I have no idea where they have gotten this 60 days from, anyone have any ideas?
I didn’t want to copy & paste it here in case that’s any kind of a breach so you’ll have to go onto the ACCA website into exam resources and it’s the extra constructed response questions for the CBE.
Thanks
Hi
? think you have overlooked trade receivables in the question.
Here says: company had (credit) sales of $15m and trade receivables were $ 2,466K.$15m x 60 days/ 365 days ? $2,466K
Hi Caspian,
Great!! Yes, I was looking at the question for so long working out other bits I left out working out the standard debtor days using the info provided. Thanks so much. Was so frustrating! 🙂
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