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What is the average collection period for biggabiz

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Reference no: EM132942390

Problem 1: BiggaBiz offers credit terms of 3/7, net 30. Experience shows that 40% of all customers pay within the discount period. What is the average collection period?

Select one:
a. 19.2 days
b. 13.8 days
c. 20.8 days
d. 30 days

Reference no: EM132942390

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