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CSZ Co

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FM Exams › CSZ Co

  • This topic has 3 replies, 2 voices, and was last updated 4 years ago by John Moffat.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • November 6, 2020 at 1:58 pm #594259
    davthev
    Participant
    • Topics: 7
    • Replies: 5
    • ☆

    Hi sir, I want to clarify why r we calculate payable days using COS to arrive at the operating cycle, when we can actually workout the credit purchase by taking 60% of sales??

    November 6, 2020 at 3:07 pm #594271
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54739
    • ☆☆☆☆☆

    Nowhere in the question are you told that credit purchases are 60% of the sales.

    All we know is that for 2014 the cost of sales was $26 million, and that for 2015 the cost of sales is 60% of sales.

    November 7, 2020 at 5:55 am #594303
    davthev
    Participant
    • Topics: 7
    • Replies: 5
    • ☆

    Sorry sir i wrongly read the question.. Thank you very much sir for yr help

    November 7, 2020 at 9:18 am #594343
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54739
    • ☆☆☆☆☆

    You are welcome 🙂

  • Author
    Posts
Viewing 4 posts - 1 through 4 (of 4 total)
  • The topic ‘CSZ Co’ is closed to new replies.

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