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FM BPP-kit P277 Q8

This topic has 3 replies, 2 voices, and was last updated 3 years ago by John Moffat.

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September 3, 2021 at 4:34 pm #634168
YujiaLucy
Member
- Topics: 26
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I am sorry that I didn’t quite understand how the answer was out as there is only calculation in the standard answer without any explanation. Could you please explain it for me sir? Thank yo so much!!
September 3, 2021 at 4:59 pm #634180
John Moffat
Keymaster
- Topics: 57
- Replies: 54655
The receivables days are currently 73 days. They are reducing it to 60 days and so the cost saving is the interest for the 13 days.
September 4, 2021 at 2:56 pm #634290
YujiaLucy
Member
- Topics: 26
- Replies: 27
Right!! I GET IT!! thank you sir!
September 4, 2021 at 3:30 pm #634298
John Moffat
Keymaster
- Topics: 57
- Replies: 54655
You re welcome.
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