Card 51 / 180: Assume that the average number of days an account receivable is on the books until funds are received is 24 days with a standard deviation of 4 days. How many days does it take until 20% of the accounts receivables are booked?
A)
14.2
B)
29.3
C)
4.1
D)
20.6
Answer:
D) 20.6
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