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QUESTION
Kirk Development buys on terms of 2/15, net 60 days. It does not take discounts and it typically pays on time, 60 days after the invoice date. Net...
Kirk Development buys on terms of 2/15, net 60 days. It does not take discounts and it typically pays on time, 60 days after the invoice date. Net purchases amount to $550,000 per year. What is the average accounts payable?
