Solved

Your Average Customer Is Located 4

Question 79

Multiple Choice

Your average customer is located 4.3 mailing days away from your firm.You have determined that,on average,it is taking your staff 1.5 days to process payments received from customers.In addition,it takes an average of 2.8 days for your funds to be available for use once you have made your bank deposit.What is your firm's collection time?


A) 2.2 days
B) 3.7 days
C) 4.3 days
D) 5.8 days
E) 8.6 days

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents