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In question 1 of DEC08 the sentinel company TSC Please explain the calculations of Debtors and revenue in excess of 60 days? I feel thoroughly confused..:(
Hi abi
you calcullate all and then minus from 1 to 60 days you get the result
peace
Take D for example. average debtor weeks is 5.8, actual revenue is 15M. (given in the question)
then you can calculate accounts receivable/15m= 5.8/52 ( because one year has 52 weeks) then you can get accounts receivable =1,673,000“less than 30 days 1,300,000”
“31day-61day 321,000”after deduction them, you can get “more than 60days” is 52,000.
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