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Hello Peter,
First of all, thanks a lot for your support and for making OT happening.
I am avery confused because when I have attempted questions about offering a discount (management of receivables) I have never been bothered to use any formula. I have seen people in the forum asking how to use that formula and I have seen the formula in the BPP passcards. Is it essential to know the formula in order to do the Questions? If so, could you please give me a brief example?. Very appreciated.Thanks
Amarain
Hi Amarain,
I believe you will find the answer to your question contained within my reply to “LISA83” ,2 days ago. Have a look at her question and then my answer.
Th e SIMPLEST FORMULA THAT I PREFER TO USE IS:
Discount
100 – Discount 365
Reduction in Payment DaysI am having trouble with this text box to input the formula for you but In other words, it is the Discount divided by 100 minus the Discount … all multiplied by 365 divided by the reduction in payment days.
Hope this + the other posting give you the clarity…… Peter
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