CURRENT LIABILITIES MANAGEMENT 3. Stargazer Company purchases on terms of 2/15, net 30 days. It does not accept discounts and usually pays within 30 days of the invoice date. Annual net sales amount to P730,000. How much "free" trade credit does Stargazer earn on average per year? (Assume a calendar year of 365 days.)

CURRENT LIABILITIES MANAGEMENT 3. Stargazer Company purchases on terms of 2/15, net 30 days. It does not accept discounts and usually pays within 30 days of the invoice date. Annual net sales amount to P730,000. How much "free" trade credit does Stargazer earn on average per year? (Assume a calendar year of 365 days.)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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