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Some vendors have agreed on an industry standard penalty of $75 all past due accounts regardless of the past due amount. These vendors are identified

Some vendors have agreed on an industry standard penalty of $75 all past due accounts regardless of the past due amount. These vendors are identified by the value TRUE under Applies Fixed Penalty. In column H, for each vendor, use the appropriate formula to calculate whether the company must pay the fixed penalty. The total fixed penalty amount that the company might have to pay is ___

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