Free trade credit firm receive during the yearfilbeck

Assignment Help Financial Accounting

Reference no: EM13355812

"Free" trade credit firm receive during the year.

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 the year? (Assume a 365-day year.)

a) $20,548

b) $21,575

c) $22,654

d) $23,787

e) $24,976

Reference no: EM13355812

Questions Cloud

Segmented income statement in the contribution : segmented income statement in the contribution format.fausnaught corporation has two major business segments -retail

Calculating divisions margin turnover return on investment : calculating divisions margin turnover return on investment roi residual income.ebel wares is a division of a major

Differential cost between the two alternativessaalfrank : differential cost between the two alternatives.saalfrank corp. is considering two alternatives that are code-named m

Nominal annual cost of trade credityour company has been : nominal annual cost of trade credit.your company has been offered credit terms of 430 net 90 days. what will the

Free trade credit firm receive during the yearfilbeck : free trade credit firm receive during the year.filbeck company buys on terms of 215 net 30 days. it does not take

Likely level of long-term debt and equity financingmiletkov : likely level of long-term debt and equity financing.miletkov companys total assets fluctuate between 320000 and 410000

Question 1 a determine the magnitude and direction of the : question 1 a determine the magnitude and direction of the electrostatic force acting on particle a in the figure given

Understanding international macro economyyour answers : understanding international macro economyyour answers should not exceed 2500 words and can be less.the questions posed

Understanding international macro economyyour answers : understanding international macro economyyour answers should not exceed 2500 words and can be less. the questions posed

User Account

All Pages