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Question 10 of 10 Question 10 10 points Save Answer A company buys on terms of 2/15, net 60 days. It does not take
Question 10 of 10 Question 10 10 points Save Answer A company 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 $575,000 per year. On average, what is the dollar amount of total trade credit (costly + free) the firm receives during the year, i.e., what are its average accounts payable? O a. $99,678 b. $94,521 O c. $90,412 Od. $109,895 O e. $104,662 1
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