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

question 9

Multiple Choice

Delta PDA 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) 31 days.
• B) 40 days.
• C) 37 days.
• D) 19 days.

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Definitions:

Erikson's

Pertains to Erik Erikson's theory of psychosocial development, which outlines eight stages from infancy to adulthood, focusing on the development of personality and identity.

Autonomy

The capacity to make an informed, uncoerced decision independently.

Shame and Doubt

Feelings of inadequacy that can arise in early childhood as part of psychosocial development, according to Erik Erickson's stages.

Cognitive Behavioral Therapy

A form of psychotherapy that focuses on modifying dysfunctional emotions, behaviors, and thoughts through a goal-oriented, systematic process.