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What amount of free trade credit does alexis corporation

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Question 1: Alexis Corporation purchases 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 $730,000 per year. On average, what amount of "free" trade credit does Alexis Corporation receive during the year (using 365 days)?

Option 1: $30,000

Option 2: $50,000

Option 3: $70,000

Option 4: $60,000

Reference no: EM132899782

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