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What is the amount of costly trade credit firm receives

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Problem 1: Busirk Office Supplies, Inc., buys on terms of 2/15, net 50 days. It does not take discounts, and it typically pays on time, 50 days after the invoice date. Net purchases amount to $675,000 per year. On average, what is the amount of costly trade credit firm receives during the year? (Assume a 365-day year, and that purchases are net of discounts.)

Reference no: EM132808159

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