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Quantitative Problem: Adams Manufacturing Inc. buys $8.3 million of materials (net of discounts) on terms of 2/10, net 50; and it currently pays...

Quantitative Problem: Adams Manufacturing Inc. buys $8.3 million of materials (net of discounts) on terms of 2/10, net 50; and it currently pays after 10 days and takes the discounts. Adams plans to expand, which will require additional financing. If Adams decides to forgo discounts, how much additional credit could it obtain? Round your answer to the nearest cent. Do not round your intermediate calculations. Use 365 day in a year.

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Additional credit  it... View the full answer

1 comment
  • Wrong answer, please try again-Thank you!
    • Sammy1921
    • May 01, 2018 at 4:12pm

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