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Matt Kesler
Matt Kesler, College Graduate
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Firm pays its bills 30day delay what fraction purchase paid

Customer Question

If a firm a pays its bills with a 30-day delay, what fraction of its purchases will be paid in the current quarter? In the following quarter? What if the delay is 60 days?
Submitted: 9 years ago.
Category: Homework
Expert:  Matt Kesler replied 9 years ago.
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Customer: replied 9 years ago.
Thank you Matt!

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