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    sdasilva391 Posts: 0, Reputation: 1
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    Apr 24, 2012, 06:16 PM
    Business math
    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.

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