Question: Please re answer this question as it is wrong answers. Question 1 0 3 pts St David's buys $ 7 0 0 , 0 0
Please re answer this question as it is wrong answers. Question pts
St David's buys $ of a particular item at gross prices from its major supplier, Cardinal Health, which offers St David's terms of net Currently, the hospital is paying the supplier the full amount due on Day but it is considering taking the discount, paying on Day and replacing the trade credit with a bank loan that has a percent rate. Assume days per year.
$
What is the amount of free trade credit that the organization obtains from Cardinal Health? Format is $xxxxxxx
$
What is the total amount of trade credit offered by Cardinal? Format is $xxxxxxx
What is the approximate annual cost of the costly trade credit? Format is xxxx
Yes
Should the organization replace a portion of the trade credit with the bank loan? Format is Yes or No
$
If the bank loan is used, how much of the trade credit should be replaced? Format is $xxxxxxx
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