Cross Country Trucking provides transportation services exclusively for four customers.The average amount 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 each month has 30 days.

Question

Quizplus · Accepted Answer

Total monthly collections = $64,000 + $88,200 + $96,500 + $47,900 = $296,600Weighted average delay = [($64,000/$296,600) × 2] + [($88,200/$296,600) × 3] + [($96,500/$296,600) × 2] + [($47,900/$296,600) × 3] = 2.46 days

Cross Country Trucking Provides Transportation Services Exclusively for Four Customers