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5. Accounts receivable Ziff Corp. has a very attractive credit policy, and none of its...

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5. Accounts receivable Ziff Corp. has a very attractive credit policy, and none of its customers pays in cash when the firm makes a sale. Ziff Corp. sells to its customers on credit terms of 2/10, net 30. If a customer bought $175,000 worth of goods and paid the firm cash eight days after the sale, how much cash would Ziff Corp, get from the customer? O $171,500 O $153,125 $148,750 O $144,375 If the customer paid off the account after 15 days, Ziff Corp. would receive Approximately 40% of Ziff Corp.'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 Ziff Corp.'s days sales outstanding (DSO), or the average collection period? 28.7 days 0 25.0 days 22.5 days 0 27.5 days

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