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Yessi15 Yessi15
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4 years ago
A firm's credit terms specify “1/10 net 30” and the accounts receivable days outstanding is 32 days. Which of the following can be concluded on the basis of this information?

▸ Most customers pay on time.

▸ All customers have paid within 32 days of purchase.

▸ The average customer pays two days late.

▸ All customers pay late.
Textbook 
Fundamentals of Corporate Finance

Fundamentals of Corporate Finance


Edition: 2nd
Authors:
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Kutthroat K.Kutthroat K.
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4 years ago
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Yessi15 Author
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4 years ago
Thanks
jcarter
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Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
jbag1237
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2 hours ago
Thanks for your help!!
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