1 fairview clinic buys 500000 in medical supplies each year, Ask an Expert

Finance

1. Fairview Clinic buys $500,000 in medical supplies each year (at gross prices) from its major supplier, Consolidated Supplies, which offers the clinic terms of 5/10, net 30. What is Fairview Clinic's costly trade credit?

A. $13,194

B. $39,583

C. $32,986

D. $26,389

E. $22,431

2. Fairview Clinic buys $500,000 in medical supplies each year (at gross prices) from its major supplier, Consolidated Supplies, which offers the clinic terms of 5/10, net 30. What is Fairview Clinic's free trade credit?

A. $13,194

B. $39,583

C. $32,986

D. $26,389

E. $22,431

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92740908

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