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:
15.2.1.3 Net Payment Terms. Use net payment terms to specify the due date of the transaction by adding some number of days to the invoice date of the transaction. Assume that you specify net 30 days to pay and you enter a transaction with an invoice date of June 14.The system calculates the due date as July 14.or the third payment, the due date is September 2 (30 days from the due date of the second payment). For the fourth payment, the due date is October 2 (30 days from the due date of the third payment). In addition to specifying the split payment term, you can specify the discount percent and the discount days.