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Business, 22.03.2021 21:00 robert7248

Hinkle Corporation buys on terms of 2/15, net 60 days. It does not take discounts, and it typically pays on time, 60 days after the invoice date. Net purchases amount to $550,000 per year. On average, what is the dollar amount of total trade credit (costly free) the firm receives during the year, i. e., what are its average accounts payable

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Hinkle Corporation buys on terms of 2/15, net 60 days. It does not take discounts, and it typically...
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