Business Studies, asked by gorgeousafii, 1 month ago

(a) A firm has Rs. 50 million and Rs. 60 million credit sales during the first two quarters of the year. 70% of the account receivables are collected in the same quarter and the balance in the next quarter. What will be the total collection for the firm in the second quarter?



(b) If a firm determined to increase its collection from its clients by diminishing the receivables period and held in reserve the payable period and inventory period the same. Briefly explain its effect.



(c) The extent of the financing is directly correlated to the useful life of an asset being financed, justify.



Answers

Answered by matharukanika9
0

Answer:

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Explanation:

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