A firm collects 70 percent of its credit sales in 30 days
A firm collects 70 percent of its credit sales in 30 days, 20 percent in 60 days, and 10 percent in 90 days. The average collection period is ________.
A. 33 days
B. 42 days
C. 47 days
D. 56 days
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within the discussion board area write 300-500 words that respond to the following questions with your thoughts ideas
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a firm collects 70 percent of its credit sales in 30 days 20 percent in 60 days and 10 percent in 90 days the average
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