Your Firm Deals Strictly with Four Customers

question 66

Multiple Choice

Your firm deals strictly with four customers. The average amount that each customer pays per month along with the collection delay associated with each payment is shown below. Given this information, what is the weighted average delay? Assume that every month has 30 days.

• A) 2.47 days
• B) 2.68 days
• C) 2.99 days
• D) 3.39 days
• E) 3.47 days

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Definitions:

Serous Glands

Glands that produce and secrete serous fluid, a clear, watery fluid that lubricates body cavities and organs.

Mucous Glands

Specialized glands that produce and secrete mucus, which functions in lubrication and protection of various internal surfaces of the body.

Endocrine Glands

Glands that secrete hormones directly into the bloodstream, regulating various bodily functions such as metabolism, growth, and reproduction.

Exocrine Glands

Glands that release their secretions through ducts directly onto an epithelial surface or into the external environment.