5. Accounts recelvable Water and Power Co. has a very attractive credit policy, and none of its customers pays in cash when the firm makes a sale. Water and Power Co. sells to lts customers on credit terms of 3/10, net 30 . If a customer bought $100,000 worth of goods and paid the firm cash eight days after the sale, how much cash would Water and Power Co. get from the customer? $87,500$97,000$92,500$90,000 If the customer paid off the account after 15 days, Water and Power Co, would receive Approximately 25% of Water and Power Co's customers take advantage of the discoun he 10th day. The remaining 75% take an average of 35 days to pay off their accounts. What is Water and Power Co's days saies outstanc the average coliection period? 34.6 day 27.4 days 33.1 days