A company made credit sales of Rs.72 lakh in the year. If the debtors value at end of the year was Rs.12 lakh, what will be the average age of receivables, assuming there are 360 days in a year?
Average age of receivables = 360/receivables turnover Receivables turnover = credit sales/average debtors = 72 lakh/12 lakh = 6 times Therefore, average age of receivables = 360/6 = 60 days
What is a key goal of inventory management?
Why is effective delegation important for a manager?
Non-partisanship ensures that civil servants:
When a public servant accepts a gift from a vendor, what ethical principle is at risk?
According to the Expectancy Theory, what is a crucial factor influencing employee motivation?
According to Herzberg's Two-Factor Theory, what are hygiene factors?
What is an essential aspect of effective networking?
What ethical concern arises when a public servant engages in the unauthorized disclosure of classified information?
When a public official engages in favoritism in the allocation of public resources, which ethical principle is compromised?
Why is emotional intelligence considered crucial for leaders in civil services?