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a company on terms of 2/15, net 60 days. It does not take discounts, and it typically pays on time, 60 days after the invoice
a company on terms of 2/15, net 60 days. It does not take discounts, and it typically pays on time, 60 days after the invoice date. Net purchases amount to $575,000 per year. On average, what is the dollar amount of total trade credit (costly + fee) the firm receives during the year, i.e., what are its average accounts payable?
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