Credit sales, from the income statement, were $215,600 for 2008. Here's the formula: ACP=$8,960/$215,600/365 = 15 days. This means that, on average, customers pay their credit accounts every 15 days. As a basis for comparison, further imagine that in 2007, average collection period for this company was 20 days.This means that it dropped by 5 days from 2007 to 2008. The average collection period improved from 2007 to 2008.redit sales, from the income statement, were $215,600 for 2008. Here's the formula: ACP=$8,960/$215,600/365 = 15 days. This means that, on average, customers pay their credit accounts every 15 days. As a basis for comparison, further imagine that in 2007, average collection period for this company was 20 days.
Indian nationalist leader Mahatma Gandhi (born Mohandas Karamchand Gandhi) was born on October 2, 1869, in Porbandar, Kathiawar, India, which was then part of the British Empire. Wife and Family. Mahatma Gandhiâs father, Karamchand Gandhi, served as a chief minister in Porbandar and other states in western India. His mother, Putlibai, was a deeply religious woman who fasted regularly. At the age of 13, Mahatma Gandhi wed Kasturba Makanji, a merchantâs daughter, in an arranged marriage.
Mahatma Gandhi (1869-1948) The Quit India speech is a speech made by Mahatma Gandhi on August 8th 1942, on the eve of the Quit India movement. He called for determined, but passive resistance that signified the certitude that Gandhi foresaw for the movement is best described by his call to Do or Die. His speech was issued at the Gowalia Tank Maidan in Bombay, since re-named August Kranti Maidan (August Revolution Ground).