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Columbia Hospital buys and average of $20,250,000 in medical supplies each year (at gross prices) from its major supplier, Medical Supplier of America which offers

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Columbia Hospital buys and average of $20,250,000 in medical supplies each year (at gross prices) from its major supplier, Medical Supplier of America which offers Columbia Hospital terms of 4/15, net 45. If Columbia Hospital's managers decide not to take the discount, what is Columbia Hospital's costly trade credit from Medical Suppliers of America? Assume 360 days per year

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