Roberts and Sons, Inc., of Great Britain has just purchased inventory items costing kroner 1,000,000 from a

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Roberts and Sons, Inc., of Great Britain has just purchased inventory items costing kroner 1,000,000 from a Swedish supplier. The supplier has quoted terms 3/15, net 45. Under what conditions might Roberts and Sons reasonably take the discount, and when might it be a reasonable idea to wait the full 45 days to pay?
a. Cost of trade credit.
b. Taking the discount.
c. Exchange rates change.
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Multinational Business Finance

ISBN: 978-0132743464

13th edition

Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett

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