Hinkle Corporation Buys on Terms of 2/15, Net 60 Days

question 22

Multiple Choice

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? (Assume a 365-day year, and note that purchases are net of discounts.)

• A) $90,411
• B) $94,932
• C) $99,678
• D) $104,662
• E) $109,895

Understand the significance of major findings in sexual behavior research.

Comprehend the impact of societal and cultural views on the perception and treatment of different sexual orientations.

Recognize biases, values, and the role of major health organizations in addressing sexual orientation and behavior.

Understand the concept of ethnocentrism and its impact on sexual values and behaviors across different cultures.

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