
Specialty Co. deals strictly with three customers who pay monthly amounts of $340,800, $262,900, and $81,300. The $81,300 payment has a collection delay of 2.5 days while the other two have a delay of 1.5 days. What is the weighted average delay assuming each month has 30 days?
A) 1.98 days
B) 1.78 days
C) 2.01 days
D) 1.57 days
E) 1.62 days
Correct Answer:
Verified
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