Bumpting Inc. offers credit terms of 2/10, net 30

If a customer bought $100,000 worth of goods and paid the firm within 6 days, how much cash would Bumpting receive?

*95000

*100000

*98000

If the customer paid off the account after 20 days, how much cash would the Bumptings get?

*95000

*100000

*98000

If 20% of Bumptings customers pay within 10 days and the rest take an average of 35 days to pay off their accounts what will be the firm's average collection period?

*30 days

*32 days

*28 days