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ABC Ine buys on terms of 2/10, net 30, and it always pays on the 30th day. The CFO calculates that the average amount of

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ABC Ine buys on terms of 2/10, net 30, and it always pays on the 30th day. The CFO calculates that the average amount of costly trade credit carried is $425,000. What is the firm's average accounts payable balance? Assume a 365-day year. Select one: O a $567,375 Ob $516,375 O c. $707,625 O d. $522,750 e: $637,500

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