Dalrymple Grocers Buys on Credit Terms of 2/10, Net 30

question 43

Multiple Choice

Dalrymple Grocers buys on credit terms of 2/10, net 30 days, and it always pays on the 30th day. Dalrymple calculates that its annual costly trade credit is $375,000. What is the firm's average accounts payable balance? Assume a 365-day year.

• A) $187,475
• B) $374,951
• C) $223,333
• D) $562,426
• E) $457,443

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Definitions:

Female Genitals

The external and internal reproductive organs in females, involved in sexual pleasure, reproduction, and childbirth.

Intersexed Individuals

persons born with physical sex markers (genitals, hormones, gonads, or chromosomes) that do not fit typical definitions for male or female categories.

Surgical Enlargement

Medical procedures aimed at increasing the size of a body part or tissue, often utilized for cosmetic or reconstructive purposes.

Genitals

Reproductive organs, especially the external sex organs, involved in sexual reproduction and pleasure.