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Sue Cole is a new accountant with Blossom Company. Blossom purchased merchandise on account for...

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Accounting

Sue Cole is a new accountant with Blossom Company. Blossom purchased merchandise on account for $7,500. The credit terms are 1/10, 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) Your answer is partially correct. Should Sue pay the invoice within the discount period or should she keep the $7,500 in the savings account and pay the credit period? Support your recommendation with a calculation showing which action would be best. Sue should V take the discount as it will result in savings of $ 450 the end of
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Sue Cole is a new accountant with Blossom Company. Blossom purchabed merchandise on account for $7,500. The credit terms are 1/10,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 $7,500 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 $

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