Garcia Heating & Air Conditioning tries to take advantage of cash discounts even if it must borrow the money for a few days in order to pay the invoice in time. Compute the savings on Garcia's purchases and terms from two different suppliers. Use a 360-day year. Assume that the number of interest days is the time between the due date and the last date to take advantage of the cash discount.

Question

Garcia Heating & Air Conditioning tries to take advantage of cash discounts even if it must borrow the money for a few days in order to pay the invoice in time. Compute the savings on Garcia's purchases and terms from two different suppliers. Use a 360-day year. Assume that the number of interest days is the time between the due date and the last date to take advantage of the cash discount.
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Quizplus · Accepted Answer

The Answer of Garcia Heating & Air Conditioning tries to take advantage of cash discounts even if it must borrow the money for a few days in order to pay the invoice in time. Compute the savings on Garcia's purchases and terms from two different suppliers. Use a 360-day year. Assume that the number of interest days is the time between the due date and the last date to take advantage of the cash discount.
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Garcia Heating & Air Conditioning Tries to Take Advantage of Cash