Question

What is an Average Due Date? Explain the various steps that are to be taken for computation of an Average Due Date.

7 mark question?​

Answer 1

hi my name is piyush Case 1: Only one Party is involved

Count the number of days from base date up to each due date. Multiply the number of days by the amounts. Add up the amount and products. Divide the “Product total” with “Amount total” and get result approximately up to a whole number.

Answer 2

Answer:

Case 1: Only one Party is involved

Case 1: Only one Party is involvedIn this method, we calculate the average due date as follows:

Case 1: Only one Party is involvedIn this method, we calculate the average due date as follows:Take the first due date as the starting day or base date or “O” day for convenience. You can take any date as “O” day.

Case 1: Only one Party is involvedIn this method, we calculate the average due date as follows:Take the first due date as the starting day or base date or “O” day for convenience. You can take any date as “O” day.Count the number of days from base date up to each due date.

Case 1: Only one Party is involvedIn this method, we calculate the average due date as follows:Take the first due date as the starting day or base date or “O” day for convenience. You can take any date as “O” day.Count the number of days from base date up to each due date.Multiply the number of days by the amounts.

Case 1: Only one Party is involvedIn this method, we calculate the average due date as follows:Take the first due date as the starting day or base date or “O” day for convenience. You can take any date as “O” day.Count the number of days from base date up to each due date.Multiply the number of days by the amounts.Add up the amount and products.

Divide the “Product total” with “Amount total” and get result approximately up to a whole number.

Divide the “Product total” with “Amount total” and get result approximately up to a whole number.Add the number of days in the base date to find the average due date. Thus, the formula for the average due date is:

Average due date=Base date±

Average due date=Base date±

$\frac{total \: of \: the \: products}{total \: of \: the \: amounts}$

Note: For calculation of no. of days, consider no. of days in each respective month involved individually.