Randy's Meat Market has a 46-day collection period. The amount of cash that Randy collects each quarter is equal to:
A) 46% of last quarter sales plus 54% of this quarter sales.
B) 46 days of sales from last quarter plus 54 days of sales from this quarter.
C) 44 days of sales from last quarter plus 46 days of sales from this quarter.
D) 51% of last quarter sales plus 49% of this quarter sales.
E) 54% of last quarter sales plus 46% of this quarter sales.
Correct Answer:
Verified
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