8. Accounts receivable Effective credit management involves establishing credit standards for extending credit to customers, determining the company's terms of credit, and setting up procedures for invoicing and collecting past-due accounts. The following statement refers to a credit management policy. Select the best term to complete the sentence. The minimum financial strength a customer must have to be granted credit is indicated by the company's Consider the case of Sombra Corp.: Sombra Corp. has a very attractive credit policy, and none of its customers pays in cash when the firm makes a sale. Sombra Corp. sells to its customers on credit terms of 2/10, net 30. If a customer bought $125,000 worth of goods and paid the firm cash eight days after the sale, how much cash would Sombra Corp. get from the customer? (Note: Round your answer to the nearest whole dollar.) O $115,625 0 $100,000 $131,250 $122,500 If the customer paid off the account after 15 days, Sombra Corp. would receive dollar.) (Note: Round your answer to the nearest whole Approximately 40% of Sombra Corp's customers take advantage of the discount and pay on the 10th day. The remaining 50% take an average of 35 days to pay off their accounts. What is Sombra Corp.'s days sales outstanding (DSO), or the average collection period? (Note: Do not round intermediate calculations. Round your answer to one decimal place.) 30.0 days O 26.3 days O 21.3 days 0 25.0 days