This paper circulates around the core theme of FINANCE 510 – Greshak Corp. purchases merchandise on terms of 2/10 net 30 together with its essential aspects. It has been reviewed and purchased by the majority of students thus, this paper is rated 4.8 out of 5 points by the students. In addition to this, the price of this paper commences from £ 59. To get this paper written from the scratch, order this assignment now. 100% confidential, 100% plagiarism-free.
Greshak Corp. purchases merchandise on terms of 2/10 net 30, and it always pays on the 30th day. The CFO calculates that the average amount of costly trade credit carried is $375,000. What is the firm’s average accounts payable balance? (Assume a 365-day year.)Select one:a. $458,160b. $482,273c. $507,656d. $534,375e. $562,500