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Your firm buys on credit terms of 2/10, net 45, and it always pays on day 45. If you calculate that this policy effectively costs

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Your firm buys on credit terms of 2/10, net 45, and it always pays on day 45. If you calculate that this policy effectively costs your firm $157,500 each year, what is the firm's average accounts payable balance? $1,234,000 $75,000 $157,500 $625,000 O $750,000

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