Aggarwal Inc

question 8

Multiple Choice

Aggarwal Inc.buys on terms of 2/10,net 30,and it always pays on the 30th day.The CFO calculates that the average amount of costly trade credit carried is $375,000.What is the firm's average accounts payable balance? Assume a 365-day year.

• A)$458,160
• B)$482,273
• C)$507,656
• D)$534,375
• E)$562,500

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Definitions:

Environmentally Sustainable Society

A society that operates in a manner that ensures the long-term health and viability of the environment and ecosystem services.

Earth's Capital

Refers to the planet's natural resources and ecosystems that provide essential goods and services for human survival and economic activity.

Sustainable Incomes

Earnings generated in ways that do not deplete resources or harm the environment, ensuring long-term economic and environmental stability.

Ecology

The branch of biology that studies the interactions among organisms and their environment.