Millbridge hospital buys its supplies in bulk and has, Ask an Expert

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Millbridge Hospital buys its supplies in bulk and has recently switched vendors. The first purchase Millbridge made was for 500 boxes of gauze at $3.46 a box. The purchase had payment terms of 2/15 N/30. Millbridge earns four percent on its idle cash. Should it take the discount or not? Justify your answer by showing calculations.

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Financial Management, Finance

Category:- Financial Management
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