Question 5 (2 marks) Zhang Industries buys the majority of its needs from Nguyen Wholesale Ltd....
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Question 5 (2 marks) Zhang Industries buys the majority of its needs from Nguyen Wholesale Ltd. Nguyen offers terms of 2/20, net 60. Zhang can borrow at a rate of 8%. Required: Determine if Zhang should take the discount or pay in 60 days. Question 5 (2 marks) Zhang Industries buys the majority of its needs from Nguyen Wholesale Ltd. Nguyen offers terms of 2/20, net 60. Zhang can borrow at a rate of 8%. Required: Determine if Zhang should take the discount or pay in 60 days.
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