Multiple Choice
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 R157,500 each year, what is the firm's average accounts payable balance?
A) R1,234,000
B) R75,000
C) R157,500
D) R625,000
E) R750,000
Correct Answer:
Verified
Correct Answer:
Verified
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