A Company purchase goods worth 400,000 from a supplier on the following terms; 3/10 NET 30. The Company can take an overdraft at an interest rate of 10% p.a to pay the supplier. 

Advise whether the company should take the overdraft to pay the supplier in 10 days?

Answer rating: 100% (QA)

To advise whether the company should take the overdraft to pay the supplier in 10 days we need to co... View the full answer