Filbeck Company Buys on Terms of 2/15,net 30 Days

question 80

Multiple Choice

Filbeck Company buys on terms of 2/15,net 30 days.It does not take discounts,and it typically pays 30 days after the invoice date.Net purchases amount to $500,000 per year.On average,how much free trade credit does the firm receive during a 365-day year?

• A)$20,548
• B)$21,575
• C)$22,654
• D)$23,787

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