QUESTION 7 On a purchase of $1,500,000 of goods you are offered the terms 3/5 net 30" If you pay during the discount period how much do you save? O a $45,000 O 0.875,000 O c $50,000 d. $30,000 QUESTION 23 Which of the following statements about short-term debt is not true O A Short-term credit can be obtained much faster than long-term credit OB Short-term financing is less of a commitment to the borrower O c Short-term financing involves a more rigorous background check O D. Short-term financing is riskier than long-term as short-term interest rates are more variable than long-term interest rates