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.
Mohandas Karamchand Gandhi is born in north-west India in the princely state of Porbandar on 2 October 1869. His family comes from an elite background. His father works for the government as the chief minister of Porbandar. His mother is a deeply pious woman who spends a lot of her time at temple and on frequent fasts.ohandas Karamchand Gandhi is born in north-west India in the princely state of Porbandar on 2 October 1869. His family comes from an elite background. His father works for the government as the chief minister of Porbandar. His mother is a deeply pious woman who spends a lot of her time at temple and on frequent fasts.