Post Utme Al Hikmah University 2017 Commerce Question 26

Practice objective / multiple choice question 26 from the 2017 Post Utme Al Hikmah University Commerce examination.

Post Utme Al Hikmah University 2017 Commerce Objective / Multiple Choice
Question 26 POST_UTME_AL-HIKMAH_UNIVERSITY • 2017 • COMMERCE • objective

A company has a 'Trade Receivables' turnover of 8 times per year. If the 'Trade Receivables' are ₦500,000, what is the 'Average Collection Period'?

Answer Options

Correct Answer A. 62.5 days
B. 75 days
C. 87.5 days
D. 100 days
Correct Answer
A
Correct Option:
62.5 days

About This Question

This is Post Utme Al Hikmah University 2017 Commerce Question 26. It is one of the objective questions from the 2017 Post Utme Al Hikmah University Commerce examination.

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