Sue Cole is a new accountant with Pharoah Company. Pharoah purchased merchandise on account for...
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Sue Cole is a new accountant with Pharoah Company. Pharoah purchased merchandise on account for \$8.100. The credit terms are 2/10,n/30. Sue has talked with the company's banker and knows that she could earn 6% on any money invested in the company's savings account. (a) Should Sue pay the invoice within the discount period or should she keep the $8.100 in the savings account and pay at the end of the credit period? Support your recommendation with a calculation showing which action would be best. Sue take the discount as it will result in of $ Attempts: 0 of 3 used (b) The parts of this question must be completed in order. This part will be available when you complete the part above
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