The Priceville Bull Dogs offers credit terms of 2/15,net 40 to all of its customers.Historically,80 percent of its customers take advantage of the discount.What is the firm's average collection period?
A) 17.60 days
B) 17.87 days
C) 18.20 days
D) 20.33 days
E) 21.08 days
Correct Answer:
Verified
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