The boat house offers credit terms of 215 net 45 to all of, Ask an Expert

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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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