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Gary C'Toole is a new accountant with Blue Spruce Company. Blue Spruce purchased merchandise on account for $ 5 7 , 6 0 0 .
Gary C'Toole is a new accountant with Blue Spruce Company. Blue Spruce purchased merchandise on account for $ The credit
terms are Gary has talked with the company's banker and knows that he could earn on any money invested in the
company's money market account.
a
Should Gary pay the invoice within the discount period or should he keep the $ in the money market for days
and pay at the end of the credit period? Use days in a year.
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