80% of sales of Rs. 10,00,000 of a firm are on credit. It has a receivable turnover of 8. What is the average collection period (360 days a year) and average debtors of the firm?

Investment is the _______________.

A. net additions made to the nation’s capital stocks

B. person’s commitment to buy a flat or house

C. employment of funds on assets to earn returns

D. employment of funds on goods and services that are used in production process

Financial Management is mainly concerned with ______________.

A. All aspects of acquiring and utilizing financial resources for firms activities

B. Arrangement of funds

C. Efficient Management of every business

D. Profit maximization

The primary goal of the financial management is ____________.

A. to maximize the return

B. to minimize the risk

C. to maximize the wealth of owners

D. to maximize profit

In his traditional role the finance manager is responsible for ___________.

A. proper utilisation of funds

B. arrangement of financial resources

C. acquiring capital assets of the organization

D. efficient management of capital