Multiple Choice
A company purchased merchandise inventory at a cost of $8,500 with credit terms 2/10,net 60.If the company borrows $8,330 to pay for the purchase on the last day of the discount period and pays the loan plus interest in the amount of $8,466.93 on the last day of the credit period,what is the net savings?
A) $170.00
B) $(33.07)
C) $136.93
D) $33.07
E) There is no savings to the company
Correct Answer:
Verified
Correct Answer:
Verified
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