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Fairview clinic buys 500000 in medical supplies each year


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Fairview Clinic buys $500,000 in medical supplies each year (at gross prices) from its major supplier, Consolidated Supplies, which offers the clinic terms of 5/10, net 30. What is Fairview Clinic's costly trade credit?

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Financial Management: Fairview clinic buys 500000 in medical supplies each year
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