Question: I am looking for the correct answer to this general accounting question with appropriate explanations. The Silverwood Company has calculated that their average collection period

I am looking for the correct answer to this general accounting question with appropriate explanations.

The Silverwood Company has calculated that their average collection period (ACP) is 30 days. They are hoping that the new payment terms they have implemented will reduce the ACP. After one month, they have the following data: 65% of customers pay in 20 days, and 35% pay in 40 days. How much is the change in the ACP

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