Determine the net period, Delta Distributors has an

Determine the net period

Reference no: EM1356633

Delta Distributors has an investment in accounts receivable of $2,750,000. Daily credit sales are $118,280. If 30% of Delta's credit customers receive a discount by paying within 10 days and the remainder of Delta's customers pay in 40 days, what is the net period that Delta maintains?

A. 19 days
B. 31 days
C. 37 days
D. 40 days
E. None of the above.

Reference no: EM1356633

Questions Cloud

Explain airline simulation : Explain Airline simulation now and it is like a game where you can play and show your management skills.

What is the safest speed to go around the curve : What is the terminal speed for an 79 skier going down a 36 snow-covered slope on wooden skis = 0.060? Assume that the skier is 1.8 m tall and 0.50 m wide.

Leadership question - allowing for failure : what are some significant ways an organization can allow for failure and support success? Please provide a reference.

Field of abnormal psychology : Identify one professional in the field of abnormal psychology that works with children or adolescents and examine how these professionals utilize the concepts of abnormal psychology

Determine the net period : Delta Distributors has an investment in accounts receivable of $2,750,000. Daily credit sales are $118,280. If 30 percent of Delta's credit customers receive a discount by paying within ten days and the remainder of Delta's consumers pay in 40 days.

Asset retirement obligation journal entries : Prepare the journal entries to record the depot (consider a plant asset) and the asset retirement obligation for the depot on Jan 1, 2012. Based on an effectieve-interest rate of 6% the fair value of the asset retirement obligation on Jan 1, 2012 ..

What is the difference in the masses of these planet : A 180 g block on a 49 cm-long string swings in a circle on a horizontal, frictionless table at 74 rpm.

Testing preschool children : Hi, please assist me with explaining two different features or aspects (behavior, appearance, communication etc...,) related to testing preschool children along with providing specific examples.

Execution of leadership duties : How watching leaders in the movie "A Few Good Men" might affect your perception or execution of your leadership duties.

User Account

All Pages