If 34 percent of customers pay of day 10 and the remainder
Question # 00523782
Posted By:
Updated on: 05/07/2017 11:28 PM Due on: 05/08/2017
If 34 percent of customers pay of day 10 and the remainder day in an average of 28 days, what is the average collection period?
A. 19.72 days
B. 20.08 days
C. 21.88 days
D. 18.47 days
E. 22.09 days
-
Rating:
/5
Solution: If 34 percent of customers pay of day 10 and the remainder