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The following suppliers of Bieber Company provide the following credit terms: Terms Amount X Company 2/10, n/30 $ 2,400,000 Y Company 3/15. n/45 900,000 Z
The following suppliers of Bieber Company provide the following credit terms: Terms Amount X Company 2/10, n/30 $ 2,400,000 Y Company 3/15. n/45 900,000 Z Company 3/25, n/90 1,800,000 a. Required: The annual EDR per supplier if the credit is treated as a: single transaction (e.g., simple EDR) continuing transaction (e.g., compounded EDR) b. The annual weighted average EDR of Bieber Company. 1. 2
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