Erica stone works in an accounts payable department she has, Finance Basics

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Erica stone works in an accounts payable department she has

Erica Stone works in an accounts payable department. She has attempted to convince her boss to take the discount on the 3/10 net 45 credit terms most suppliers offer, but her boss argues that giving up the 3% discount is less costly than a short-term loan at 14%. Prove to whoever is wrong that the other is correct.

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