Multiple Choice
Phillips Glass Company buys on terms of 2/15, net 30.It does not take discounts, and it typically pays 30 days after the invoice date.Net purchases amount to R720,000 per year.On average, how much "free" trade credit does Phillips receive during the year?
A) R30,000
B) R40,000
C) R50,000
D) R60,000
E) R70,000
Correct Answer:
Verified
Correct Answer:
Verified
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