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What day do the remaining credit customers pay

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Reference no: EM132729244

Problem 1: Finology Company's average collection period (DSO) is 37 days, which is only seven days longer than the net 30 terms the company offers credit customers. Fifty percent of Finology's customers pay on average on Day 20, and 30 percent pay on Day 40. On what day do the remaining credit customers pay? Assume Finology has no bad debts.

Reference no: EM132729244

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