Question: 1. If the average collection period is 28 days and working days in a year is 365, the receivables turnover is _____ times. 2. What

1. If the average collection period is 28 days and working days in a year is 365, the receivables turnover is _____ times.

2. What is the Forecast Cost at Completion (FCC) of a project budget of P10,000, where 30% completed, against 40% planned and P5,000 spent so far. (Use Pessimist Approach)

3. What is the Forecast Cost at Completion (FCC) of a project budget of P10,000, where 30% completed, against 40% planned and P5,000 spent so far. (Use Optimist Approach)

Step by Step Solution

3.53 Rating (150 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

1 The receivables turnover can be calculated using the formula Receivables turnover Total credit sal... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!