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.

How a company handles its credit accounts, including methods of invoicing and collecting past$-$due accounts, is indicated by the company$$s $.$

Consider the case of Ziff Corp.:

Ziff Corp.$$s CFO has decided to take a closer look at the company$$s credit policy. Ziff Corp. has annual sales of $$379\mathrm{.}3$ million, and it currently has an accounts receivable balance of $$45\mathrm{.}9$ million. The first step in analyzing the firm$$s credit policy is to determine its days sales outstanding $($DSO$).$

Based on this information, Ziff Corp.$$s DSO is $.($Note: Use $365$ days as the length of a year in all calculations. Do not round intermediate calculations. Round your answer to one decimal place.$)$

The average DSO for Ziff Corp.$$s industry is $53\mathrm{.}4$ days. Assuming that its sales stayed the same, what would be Ziff Corp.$$s receivables balance if it maintained the industry average DSO? $($Note: Do not round intermediate calculations. Round your answer to the nearest whole dollar.$)$

Ziff Corp.$$s CFO thinks that the company has not done a very good job of enforcing its credit policy. The CFO believes that if the company were to better enforce its credit policy, it would reduce its DSO to $30$ days; however, this will cause Ziff Corp. to lose $6\%$ of its sales revenue. What would Ziff Corp.$$s expected accounts receivables balance be if it decides to tighten its credit policy? $($Note: Do not round intermediate calculations. Round your answer to the nearest whole dollar.$)$

a$.$ $$35,165,786$

b$.$ $$24,909,099$

c$.$ $$30,770,063$

d$.$ $$29,304,822$