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40 A firm has the credit term of net 30 and the average collection period (ACP) of 30 days. If it switches to the term

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40

A firm has the credit term of net 30 and the average collection period (ACP) of 30 days. If it switches to the term of 2/10 net 30,50% of its customers will pay after 10 days, while the remaining customers will pay after 30 days. What will the new ACP be? Select one: A. 10 days. B. 20 days, C. 40 days. D. 30 days

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