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Erica works in an accounts payable department. She has attempted to convince her boss to take the discount on the 3/10 net 45 credit terms
Erica works in an accounts payable department. She has attempted to convince her boss to take the discount on the 3/10 net 45 credit terms most suppliers offer, but her boss argues that giving up the 3 percent discount is less costly than a short-term loan at 14 percent. Assuming a $10,000 invoice prove that either Erica or her boss is incorrect.
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