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Butler Corp. purchases on average $ 1 , 0 0 0 , 0 0 0 worth of materials each day on credit terms of 3
Butler Corp. purchases on average $ worth of materials each day on credit terms of n Butler always pays on day never taking the discount. Butler does this because they do not collect from customers for about days after their purchases. Butler could borrow money from a bank at a rate of Explain through computations why it might be better for Butler to borrow the money from the bank.
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