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If the debtor’s turnover ratio of MON Ltd. is 6 times, creditors turnover ratio is 4 times then what is its average collection period in months?
- a)3
- b)2
- c)4
- d)6
Correct answer is option 'B'. Can you explain this answer?
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If the debtor’s turnover ratio of MON Ltd. is 6 times, creditors...
Average collection period = 12/Debtor’s turnover ratio = 12/6 = 2
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If the debtor’s turnover ratio of MON Ltd. is 6 times, creditors...
Does not repay their debt, the creditor can take legal action against them. This may involve filing a lawsuit and obtaining a judgment from the court. Once a judgment is obtained, the creditor can use various methods to collect the debt, such as garnishing the debtor's wages, seizing their assets, or placing a lien on their property. The creditor may also choose to hire a collection agency or sell the debt to a debt buyer. In some cases, the debtor may declare bankruptcy, which can discharge or restructure the debt. However, bankruptcy can have long-term consequences for the debtor's creditworthiness.
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If the debtor’s turnover ratio of MON Ltd. is 6 times, creditors turnover ratio is 4 times then what is its average collection period in months?a)3b)2c)4d)6Correct answer is option 'B'. Can you explain this answer?
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If the debtor’s turnover ratio of MON Ltd. is 6 times, creditors turnover ratio is 4 times then what is its average collection period in months?a)3b)2c)4d)6Correct answer is option 'B'. Can you explain this answer? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about If the debtor’s turnover ratio of MON Ltd. is 6 times, creditors turnover ratio is 4 times then what is its average collection period in months?a)3b)2c)4d)6Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If the debtor’s turnover ratio of MON Ltd. is 6 times, creditors turnover ratio is 4 times then what is its average collection period in months?a)3b)2c)4d)6Correct answer is option 'B'. Can you explain this answer?.
If the debtor’s turnover ratio of MON Ltd. is 6 times, creditors turnover ratio is 4 times then what is its average collection period in months?a)3b)2c)4d)6Correct answer is option 'B'. Can you explain this answer? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about If the debtor’s turnover ratio of MON Ltd. is 6 times, creditors turnover ratio is 4 times then what is its average collection period in months?a)3b)2c)4d)6Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If the debtor’s turnover ratio of MON Ltd. is 6 times, creditors turnover ratio is 4 times then what is its average collection period in months?a)3b)2c)4d)6Correct answer is option 'B'. Can you explain this answer?.
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