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Crew Member sells Dunkin Donuts and buys on terms of 2/15, net 60 days. It does not take discounts, and it typically pays on time,
Crew Member sells Dunkin Donuts and buys 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 $500,000 per year. On average, how much free trade credit does the firm receive during the year? (Assume a 365-day year, and note that purchases are net of discounts.) $16,644 $20,548 $24,863 $19,315 $18,699
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