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1- Vendor 1 offers a discount of 2% if payment is made within 10 days. If the discount is not taken, full payment is due

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1- Vendor 1 offers a discount of 2% if payment is made within 10 days. If the discount is not taken, full payment is due in 30 days. The Monthly purchases amounted from this supplier 150,000 riyals. What is the annual cost of not accepting the 2% discount? Weill ssitall Jane w ws (APR) or (EIR):Effective interest rate Vo A company needs to increase its working capital to 100,000 riyals, and there are several possible alternatives for funding. 1. Dispense cash discount payment when buying from supplier that gives trade credit terms 2/10, net 60.4 OF i ) DE I

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