Abc purchases 453000 worth of goods from its supplier each, Finance Basics

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Abc purchases 453000 worth of goods from its supplier each

Question: ABC purchases $453,000 worth of goods from its supplier each year on terms of 1/10, net 40 and currently does not take the discount. If ABC decided to raise enough capital to pay down accounts payable enough to take the discount, how much would they need to raise?

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Finance Basics: Abc purchases 453000 worth of goods from its supplier each

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Finance Basics: Abc purchases 453000 worth of goods from its supplier each

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