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1 . 1 REQUIRED Study the information provided below and determine whether Neston Traders should borrow the cash to settle the account. Motivate your answer
REQUIRED Study the information provided below and determine whether Neston Traders should borrow the cash to settle the account. Motivate your answer by calculating the cost of forfeiting the discount expressed as a percentage to two decimal places marks INFORMATION Neston Traders purchased inventory on credit for R The supplier offered Neston Traders the option to settle the account by paying R up to days after the sale or pay R by the end of days. Neston Traders can borrow cash from its bank at a rate of percent per annum to setlle the account within days.
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