Delta Distributors Has an Investment in Accounts Receivable of $2,750,000

question 44

Multiple Choice

Delta Distributors has an investment in accounts receivable 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 these.

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Definitions:

Noncyclic Electron Pathway

A part of photosynthesis where electrons travel in a linear path producing NADPH and ATP, unlike in the cyclic pathway where electrons are recycled.

Noncyclic Electron Pathway

A part of photosynthesis that involves the flow of electrons from water to NADP+, producing oxygen, ATP, and NADPH.

Electron Transport Chain

A series of compounds that transfer electrons from electron donors to electron acceptors via redox reactions, coupled with the transfer of protons (H+ ions) across a membrane, generating ATP.

Antenna System

In photosynthesis, it refers to a complex of proteins and pigments that captures light energy and channels it to the reaction center.