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The company has always followed the policy to take any cash discounts on goods purchased. Recently, the company purchased a large amount of raw materials
The company has always followed the policy to take any cash discounts on goods purchased. Recently, the company purchased a large amount of raw materials at a price of $ with terms on which it took the discount. Sheffield has recently estimated its cost of funds at
Should Sheffield continue this policy of always taking the cash discount? Round factor values to decimal places, eg and final answer to decimal places, eg
Annual interest
Sheffield continue the policy.
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