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Hello Sir!
My query is from Kaplan revision kit: Graffoff part (c).
I do not understand, how the examiner arrived at the figures of $128,500 (if receivable days are reduced to 30 days) and $84,500 (if receivable days are reduced to 40 days)?
And also how did the examiner arrive at the figure of $75,500 if payable days are increased to 40 days.
I would highly appreciate your quick response on this matter.
Thank you in advance.
Sales per day = 1600/365 = 4.3836
If collection period falls from 59.31 to 30, 29.31 days of sales will be received earlier.
4.3836 x 29.31 = 128.5
Other figures similarly calculated.
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