How much additional cash could a firm obtain from its trade credit in 2 0 2 0

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How much additional cash could a firm obtain from its trade credit in $2020$ if they can extend its trade credit by an extra $5$ days? The firm has trade payables of $ $50, 000$ and buys $ $912, 500$ in goods from various suppliers.

A $.$ $ $12, 500$

B $.$ $ $5, 710$

C $.$ $ $62, 500$

D $.$ $ $50, 000$

Related Book For answer-question

Precalculus

ISBN: 978-0321716835

9th edition

Authors: Michael Sullivan

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Posted Date: Feb 02, 2024 11:11 PM

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How much additional cash could a firm obtain from its trade credit in 2 0 2 0

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Precalculus

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