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21 CHAPTER SIXTEEN A corporation buys on terms of 2/15, net 52 days. It does not take discounts. It typically pays 65 days after the

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21 CHAPTER SIXTEEN A corporation buys on terms of 2/15, net 52 days. It does not take discounts. It typically pays 65 days after the invoice date. Net purchases (CASH PRICE ) amount to $724,500 per year. Assume 365 days per year to Iculate the DAILY Purchases. On average, how much "FREE" trade credit does the firm receive during the year? $28,493.15 O $29,773.97 $73,442.47 $99,246.58 $25,804.11

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