The boat house offers credit terms of 215 net 45 to all of, Finance Basics

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The boat house offers credit terms of 215 net 45 to all of

The Boat House offers credit terms of 2/15, net 45 to all of its customers. Historically, 86 percent of its customers take advantage of the discount. What is the firm's average collection period?

A. 17.36 days
B. 18.87 days
C. 19.20 days
D. 20.33 days
E. 21.08 days

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Finance Basics: The boat house offers credit terms of 215 net 45 to all of

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Finance Basics: The boat house offers credit terms of 215 net 45 to all of

Reference No:- TGS0625821

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Recent Questions Asked Finance Basics

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Finance Basics: The boat house offers credit terms of 215 net 45 to all of

Reference No:- TGS0625821

Recent Questions Asked Finance Basics

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