Assume a Check for $127,000 Has a Collection Delay of 1.8

question 38

Multiple Choice

Assume a check for $127,000 has a collection delay of 1.8 days while a check for $218,900 has a collection delay of 1.5 days. If these are the only two checks received in a 30-day period, what is the weighted average delay?

• A) 1.63 days
• B) 1.61 days
• C) 1.56 days
• D) 1.58 days
• E) 1.65 days

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Definitions:

Output

The total amount of goods or services produced by an economic system or entity within a given period.

Peak Efficiency

Refers to the highest level of operational productivity or performance a company or economy can achieve under ideal conditions.

ATC Curve

Average Total Cost Curve, a graphical representation in economics that shows the average total cost of producing different quantities of a good or service.

Variable Cost Curve

A graphical representation showing how total variable costs change with changes in output level.