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Wok Bar Co . has a very attractive credit policy, and none of its customers pays in cash when the firm makes a sale. Wok

Wok Bar Co. has a very attractive credit policy, and none of its customers pays in cash when the firm makes a sale. Wok Bar Co. sells to its customers on credit terms of 3/10, net 30.
If a customer bought $150,000 worth of goods and paid the firm cash eight days after the sale, how much cash would Wok Bar Co. get from the customer?
$120,000
$123,750
$150,000
$145,500
If the customer paid off the account after 15 days, Wok Bar Co. would receive .
Approximately 40% of Wok Bar Co.s customers take advantage of the discount and pay on the 10th day. The remaining 60% take an average of 35 days to pay off their accounts. What is Wok Bar Co.s days sales outstanding (DSO), or the average collection period?
20.0 days
25.0 days
27.5 days
21.3 days

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