Check Point easy2Comply. A Chief Technology Officer (CTO) is the individual within an organization who oversees current technology and creates relevant policy. A CTO should have the business knowledge necessary to align technology-related decisions with the organization's goals.n April 2009, President Barack Obama named Aneesh Chopra the first Chief Technology Officer of the United States. The particular focus of the first national CTO was to use applied technology to stimulate job creation, improve healthcare and security systems, and also to increase broadband access.
Average payment period. Average payment period means the average period taken by the company in making payments to its creditors. It is computed by dividing the number of working days in a year by creditors turnover ratio. Some other formulas for its computation are give below:
Payment Terms. Invoices include a timeline for shipment of goods or expectation of payment. The payment term of net 30 days, for example, is calculated from the invoice date, so that the payment is due no later than 30 days from the date of the invoice. The shipment date may be the date of the invoice if the invoice was produced the same day the goods were shipped.