A firm is offered credit terms of 2/10 net 45 by most of its suppliers but frequently does not have the cash available to take the discount. The firm has a credit line available at a local bank at an interest rate of 12 percent
The firm should ________.
A) give up the cash discount, financing the purchase with the line of credit
B) take the cash discount and pay on the 45th day after the date of sale
C) take the cash discount and pay on the first day of the cash discount period
D) take the cash discount, financing the purchase with the line of credit, the cheaper source of funds
D
Business
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The systematic acquisition of a particular object or set of objects is called ________
A) prioritizing B) hoarding C) collecting D) ritualizing
Business
When beginning the process of proofreading, it is best to start as soon as the document is complete and the information is fresh in the writer's mind
Indicate whether the statement is true or false.
Business