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CHAPTER 15 UHFM 7TH EDITION UNDERSTANDING HEALTHCARE FINANCIAL MANAGEMENT Chapter 15 -- Revenue Cycle and Current Accounts Management PROBLEM 5 Suppose one of the suppliers

CHAPTER 15 UHFM 7TH EDITION

UNDERSTANDING HEALTHCARE FINANCIAL MANAGEMENT Chapter 15 -- Revenue Cycle and Current Accounts Management

PROBLEM 5

Suppose one of the suppliers to Seattle Health System offers terms of 3/20, net 60.

a. When does the system have to pay its bills from this supplier?

b. What is the approximate percentage cost of the costly trade credit offered by this supplier?(Assume 360 days per year.)

please answer in excel and show work where possible

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