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

question 23

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,what is the net period that Delta maintains?

• A) 10 days
• B) 23 days
• C) 38 days
• D) 45 days
• E) There is not enough information to tell.

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