As mentioned, your suppliers for the clothing store do offer good discounts and fortunately, sales are more
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Question:
As mentioned, your suppliers for the clothing store do offer good discounts and fortunately, sales are more promising than anticipated. You can pay your suppliers in cash earlier than the first invoice due date and will receive the 2% discount on your $10,000 of inventory purchased just less than 10 days ago. What will be the change in your inventory value?
A. Stays the same
B. Increases by $200
C. Decreases by $200
D. Decreases by $2,000
Related Book For
Foundations of Financial Management
ISBN: 978-1259024979
10th Canadian edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
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