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:
If this period will be high, it will create the risk for our liquidity position because some creditor can demand and in long period, we can forget to pay. One month or two month is best time period of our creditors.So, our average payment period should be between 30 to 60 days.We can also use this ratio in cash conversion cycle. Cash conversion cycle ratio is. inventory conversion period + average collection period-average payment period.f this period will be high, it will create the risk for our liquidity position because some creditor can demand and in long period, we can forget to pay. One month or two month is best time period of our creditors.