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Filbeck Company buys on terms of 2/15, net 30 days. It does not take discounts, and its typically pays 30 days after the invoice date.

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Filbeck Company buys on terms of 2/15, net 30 days. It does not take discounts, and its typically pays 30 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 a 365-days year? $20, 548 $21, 575 $22, 654 $23, 787

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