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r-ruslan [8.4K]
1 year ago
11

High Brow Express deals strictly with two customers. The payment from Customer A averages $537,400 and has a collection delay of

three days. Customer B's average payment is $737,500 and has a one-day delay. What is the weighted average delay assuming every month has 30 days?
A) 1.79 days
B) 1.62 days
C) 2.02 days
D) 2.07 days
E) 1.84 days
Business
1 answer:
Marizza181 [45]1 year ago
5 0

Answer:

The answer is E.

Explanation:

Total payment from customers is:

$537,400 + $737,500

= $1,274,900

Weighted average delay from customer A is:

($537,400/$1,274,900) x 3

=1.26 days

Weighted average delay from customer B is:

($737,500/$1,274,900) x 1

=0.58 day

Therefore, total weighted average delay is:

1.26 days + 0.58 day

=1.84days

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Answer:

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