Can we go back to formula's…..I think it would be wise to know the formula's but my question is how many and in which section of BEC? Currently working through Economics chapter. don't want to skip anything.
It begins with a 75
Been here too long as a cheerleader....ready to pass
Under customs+sims, it has written communication questions not the TBS, that we are suppose to be asked on the exam. Anyone else who is practicing tbs? From which source?
Does anyone know the formula for account payable turnover ratio? Some say it is credit purchase/avg. account payable, some say it is CGS/avg. account payable. I'm confused.
@softplay: the official formula is COGS/AVG A/P however, at times you might have a MCQ where the Fact Pattern does not give you Prior and Current A/P therefore you cannot calculate the Average and you should use just A/P.
One way to remember these formulas, whenever you see the word “turnover” the title of the formula goes in the Dominator as the average and then the numerator is the related part so for example, A/R Turnover is Sales/ Avg. A/R that's because Sales is related to A/R same for COGS is related to A/P … Inventory Turnover is another one: COGS / Average Inventory that's because COGS is closely related to Inventory.
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