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Question 2 6 Lincoln offers credit terms of net 3 0 and net 5 0 . Management believes that 6 0 percent will receive net

Question 26
Lincoln offers credit terms of net 30 and net 50. Management believes that 60 percent will receive net 30 and the rest will receive net 50. Management expects that 70 percent of the net 30 group will pay on time, and the remaining 30 percent will pay 10 days late. They also expect that all of the net 50 customers will pay on time. Calculate the ACP.
33.2 days
35.9 days
37.4 days
39.8 days
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