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Piedmont Industries sells on terms of 2/10 net 30. Total sales for the year are $2.5 million. Twenty percent of customers pay on the 10th

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Piedmont Industries sells on terms of 2/10 net 30. Total sales for the year are $2.5 million. Twenty percent of customers pay on the 10th day and take discounts; the other 80% pay, on average, 60 days after their purchases. What would happen to average receivables if Piedmont toughened its collection policy with the result that all non-discount customers paid on the 40th day? O $150,685 $164,384 O $212,329 $232.877

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