you are the accountant for the leahter city, a retail furniture store. recently, an order of sofas and chairs was received from a manufacturer with terms of 3/15, n/45. the order amounted to @230,000. they do not have sufficient cash on hand to take advantage of the discount. leather city can borrow the money at 13% interest.


would it be worthwhile to borrow money for 30 days in order to pay the bill within the discount period?why ?be specific. justify your in terms of dollars.