Multiple Choice
Filbeck Company buys on terms of 2/15,net 30 days.It does not take discounts,and it typically pays 30 days after the invoice date.Net purchases amount to $500,000 per year.On average,how much free trade credit does the firm receive during a 365-day year?
A) $20,548
B) $21,575
C) $22,654
D) $23,787
Correct Answer:
Verified
Correct Answer:
Verified
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