Mojave Inc

question 48

Multiple Choice

Mojave Inc. has credit terms of 3/15, net 45. Based on experience, 67% of all customers will take the discount. Given this information, calculate average collection period.

• A) 24.90 days
• B) 25.00 days
• C) 26.10 days
• D) 27.20 days
• E) 28.30 days

---

Definitions:

Mismatch

A situation where there is a discrepancy or lack of alignment between two or more factors, often leading to inefficiency.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price level in a market.

Quantity Supplied

The amount of a good or service that producers are willing and able to sell at a given price over a certain period of time.

Supply Curve

A graph that illustrates the relationship between the price of a good and the quantity of the good that producers are willing to supply.