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Asy co. buys on credit terms of 2/10, net 45, and it always pays on day 45. if you calculate that this policy effectively costs your firm p181,671 each year using a 360-day year, what is easy co.’s average accounts payable balance?

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LEONBIRDKINGIN

Answer:

[tex]547329[/tex]

Explanation:

5×45= 2,025×360=729,000-181,671= 547,329

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