Delta Distributors Has an Investment in Trade Receivables of £2,750,000

question 5

Multiple Choice

Delta Distributors has an investment in trade receivables of £2,750,000.Daily credit sales are £118,280.If 30% of Delta's credit customers receive a discount by paying within 10 days and the
Remainder of Delta's customers pay in 40 days, what is the net period that Delta maintains?

• A)19 days
• B)31 days
• C)37 days
• D)40 days
• E)None of the above.

---

Definitions:

Margin of Error

An expression of the amount of random sampling error in a survey's results, representing the extent to which the survey result is expected to vary from the true population value.

White Respondents

Survey participants who identify themselves as belonging to the White racial group.

African American

A term referring to Americans with ancestry from the black racial groups of Africa; it is used primarily within the United States.

Variability

The extent to which data points in a set differ from each other and from their average.