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Basic Question 12 of 12
Your company purchased $10,000 worth of inventory on January 2nd on credit. The terms of the sale are 3/15 net 45. How much will you pay if payment is made on January 15th?
B. $9,700
C. $10,300
A. $9,300
B. $9,700
C. $10,300
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I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach
Learning Outcome Statements
explain the cash conversion cycle and compare issuers' cash conversion cycles
CFA® 2025 Level I Curriculum, Volume 2, Module 4.