If the quantity demanded for a luxury good increases by 10 percent, which of the following is correct? Group of answer choices

Average income may have increased by 5 percent.

Average income may have decreased by 5 percent.

Average income may have decreased by 10 percent.

Average income may have increased by 10 percent.

Average income increased by less than 10 percent.

Garcia industries has sales of $200,000 and accounts receivable of $18,500, and it gives its customers 25 days to pay. the industry average dso is 27 days, based on a 365-day year. if the company changes its credit and collection policy sufficiently to cause its dso to fall to the industry average, and if it earns 8.0% on any cash freed-up by this change, how would that affect its net income, assuming other things are held constant? a. $241.45b. $254.16c. $267.54d. $281.62e. $296.44