1 fairview clinic buys 600000 in medical supplies each year, Ask an Expert

Finance

1 Fairview Clinic buys $600,000 in medical supplies each year (at gross prices) from its major supplier, Consolidated Supplies, which offers the clinic terms of 4/10, net 30. What is Fairview Clinics's costly trade credit?

A. $32,000

B. $48,000

C. $40,000

D. $25,000

E. $27,000

2. Fairview Clinic buys $600,000 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 Clinics's free trade credit?

A. $31,667

B. $47,500

C. $39,583

D. $15,833

E. $26,917

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M93040817

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