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9.Taipei Electronics sells 100,000 cell phones a year. Assume that all sales are on credit...

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9.Taipei Electronics sells 100,000 cell phones a year. Assume that all sales are on credit under the terms 3/10, net 60. Only 60 percent of the customers take the discount, and all customers are rational and they honor the trade credit terms (3/10, net 60). Taipei Electronics will most likely have an average collection period (ACP) of: (1) 60 days 30 days 10 days None of the rest is correct 16 days 20 days 35 days

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