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WebTalmud Book Company borrows $24,900 for 60 days at 12 percent interest. What is the dollar cost of the loan? $498 McGriff Dog Food Company normally takes 27 days to pay for average daily credit purchases of $9,530. Its average daily sales are $10,680, and it collects accounts in 32 days. a. What is its net credit position? b-1. WebTalmud Book Company borrows $20,100 for 30 days at 12% interest. What is the dollar cost of the loan? (Use a 360-day year. Do not round intermediate calculations and round your … WebAccounts payable = Average daily credit purchases * Average payment period = $9,530 * 37 days = $352,610 Accounts receivable = $341,760 Net Credit Position = $341,760 –... Talmud Book Company borrows $16,000 for 30 days at 9 percent interest. What is … cf傲狼工作室