Buskirk Construction Buys on Terms of 2/15,net 60 Days

question 7

Multiple Choice

Buskirk Construction 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 $450,000 per year.On average,how much "free" trade credit does the firm receive during the year? (Assume a 365-day year,and note that purchases are net of discounts.)

• A)$18,493
• B)$19,418
• C)$20,389
• D)$21,408
• E)$22,479

---

Definitions:

Medical Model

A framework for understanding diseases and disorders focusing on biological factors and treating them through medical intervention.

Abnormal Behaviours

Actions, thoughts, or emotions that are atypical within a culture and could relate to a psychological disorder.

Infectious Agents

Microorganisms or pathogens that are capable of causing diseases in their host, including bacteria, viruses, fungi, and parasites.

Diagnosis

The identification of the nature and cause of a certain phenomenon, especially diseases, through examination of the symptoms.