Your company sells $ 40,000 of goods per day on credit. The goods cost you $20,000 to produce. Sales will be based on

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Your company sells $ 40,000 of goods per day on credit.
The goods cost you $20,000 to produce. Sales will be based on
a 360 day year. Average accounts receivable is
$400,000. Terms are 2/10 net 30. Based on the above, the
amount of your accounts receivable that you must finance is:
Select one:
a.
$ 400,000
b.
$ 175,000
c.
$ 200,000
d.
$ 135,000
e.
$ None