=+A major supplier to Penguin offers a discount of 2 per cent on all future supplies if
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=+A major supplier to Penguin offers a discount of 2 per cent on all future supplies if payment is made on the seventh day following delivery rather than the present 70th day. Monthly purchases from this supplier amount to a regular £0.8m.
Penguin pays 15 per cent annual percentage rate on its overdraft.
Required Consider what Penguin should do with respect to this supplier.
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Related Book For
Corporate Financial Management And How To Write Essays And Assignments
ISBN: 978-1405882897
Coursepack Edition
Authors: Glen Arnold
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