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Hi I have a quick question on question 5 in the mock exam working out the net saving of the discount. I am working out my revised trade receivables but why don’t we do 25% x 30 days and 75% x 60 days as we are told that 25% of the customers will take up the offer. The answers take the 35% of 30 days and 65% of the 60 days. Thank you
If you are referring to our mock exam, then you will have to cut and past the question for me to be able to answer.
The reason is that when you attempt the exam, the questions are chosen from a large bank of questions (just as in the real exam), so every time you attempt the exam then question 5 will be a different question.
(I assume you did watch my free lectures on the management of receivables before attempting the exam??)
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