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.
Indian nationalistic movements, such as ones led by the Indian National Congress, had made attempts at self-rule but had never been completely successful. The great proponent of a free India, Mohandas K. Gandhi, was instrumental in the Indian Nationalist Movement.Known as the Mahatma, or the Great Soul, Gandhi forced change and an end to British imperialism through a strict policy of non-violence, or passive resistance.andhi was assassinated because of this conflict. Eventually, Pakistan was formed as a separate Muslim state. Therefore, the strength and will of the common people both achieved Indian independence and tore India apart. The story of Mahatma Gandhi and Indian nationalism is one of history's greatest ironies.