Your fiRm Deals Strictly with Four Customers

question 86

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:

Line Positions

Roles within an organization that are directly involved in its core business activities, typically involving decision-making authority.

Male Counterparts

Refers to men in roles, positions, or situations corresponding to those of women or others for comparison purposes.

Underutilized

Not used to its fullest potential or capacity.

Human Resource

The personnel of an organization or business seen as a significant asset in terms of skills and abilities.