Total Purchases Are $130,000 and Credit Purchases Are 80% of Total

Multiple Choice

Total purchases are $130,000 and credit purchases are 80% of total purchases. If trade creditors at the beginning of the period are $15,000 and at the end of the period are $13,000m the average settlement period for creditors, in days, is:

A) 74 days.
B) 50 days.
C) 49 days.
D) 39.6 days.