Suppose one of the suppliers to flagstaff health system, Ask an Expert

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Suppose one of the suppliers to Flagstaff Health System offers terms of 3/20, net 60

a. When does the system have to pay its bills from this supplier?

b. What is the approximate cost of the costly trade credit offered by this supplier? (assume 360 days per year)

If you could please show all work.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92171027

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