Question

The average period of credit allowed by a company to its customers last year was one month and the average amount of debtors was Rs. 10 lakhs. To increase sales and profitability, the company doubled the period of credit during the current period. As a result, the average amount of debtors increased to Rs. 5 lakhs. If the company has a contribution to sales ratio of 40%, what additional contribution has been earned by the company during the year?​

Answer 1

Answer:

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Explanation:

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c

Answer 2

Answer:

z

1

1

11

1

22

2

2

3.e

e

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