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dec 2012, q 3c

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBL Exams › dec 2012, q 3c

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  • August 11, 2016 at 3:03 pm #332722
    ambrish
    Participant
    • Topics: 13
    • Replies: 11
    • ☆

    Hello sir,

    Could you please explain me on how 128500 is calculated when receivables days are reduced to 30?

    Thanks in advance

    August 12, 2016 at 6:22 am #332797
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10534
    • ☆☆☆☆☆

    Sales revenue per day = 1,600,000/365 = 4,383.56

    Reducing collection from 59.31 to 30, means that cash from 29.31 days of sales is received earlier.

    4383.56 x 29.31 = 128,482 or 128500 when rounded.

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