Business, 23.04.2020 01:53 Mypasswordishotdog11

A corporation buys on terms of 2/15, net 30 days. It does not take discounts. It typically pays 40 days after the invoice date. Net purchases (CASH PRICE ) amount to $500,000 per year. On average, how much "FREE" trade credit does the firm receive during the year

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A corporation buys on terms of 2/15, net 30 days. It does not take discounts. It typically pays 40 d...