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Caterpillar purchased merchandise from Alpha Technologies as follows: Invoice date: March 12th Invoice Amount: $4,000 Terms: 2/10, n/30 If Caterpillar doesn't have enough cash at
Caterpillar purchased merchandise from Alpha Technologies as follows: Invoice date: March 12th Invoice Amount: $4,000 Terms: 2/10, n/30 If Caterpillar doesn't have enough cash at this moment, how much does it have to borrow in order to pay the invoice on discount? A, It depends on the interest rate
B, 3,920
C,4000
D, none of the above
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