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A retail business has annual revenue of $1.75 million and a gross profit margin of 50%. It is currently experiencing short-term cash flow difficulties, and intends to delay payments to its suppliers by one month. To the nearest dollar, calculate the amount by which the cash balance will benefit in the short-term from this change in policy, assuming revenue is spread evenly over the year, and inventory levels remain constant throughout. After assumptions, the amount by which the cash balance will benefit in the short-term from this change in policy is $: ________ (To nearest $) |