CourseLover

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About CourseLover

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Teaching Since: May 2017
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Education

  • MCS,MBA(IT), Pursuing PHD
    Devry University
    Sep-2004 - Aug-2010

Experience

  • Assistant Financial Analyst
    NatSteel Holdings Pte Ltd
    Aug-2007 - Jul-2017

Category > Business & Finance Posted 10 Dec 2017 My Price 10.00

debtors policy and proposed debtors policies

XYZ Ltd. provides you the following information in respect of its present debtors policy and proposed debtors policies :

Particulars

 

Present Policy

 

Proposed Policy I

 

Proposed Policy II

 

Average Collection Period

 

90 days

45 days

135 days

Credit Sales

 

$2,500,000

$1,500,000

$7,500,000

Required Rate of Return (Pre-tax)

 

20%

20%

20%

Bad Debts (%)

 

5%

2.5%

10%

Selling Price per unit

 

$500

$500

$500

Variable Cost per unit (% of Sales)

 

85%

85%

85%

Average Cost per unit

 

$450

    

 

Required: Suggest which policy is the best (Assume 360 days in a year)

Answers

CourseLover
(12)
Status NEW Posted 10 Dec 2017 02:12 PM My Price 10.00

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