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QUESTION
PLEASE answer as soon as possible; thanks. Hand-to-Mouth (H2M) is currently cash-constrained, and must make a decision about whether to delay paying...
PLEASE answer as soon as possible; thanks.
Hand-to-Mouth (H2M) is currently cash-constrained, and must make a decision about whether to delay paying one of its suppliers, or take out a loan. They owe the supplier $11,000 with terms of 2/10 Net 40, so the supplier will give them a 2% discount if they pay by today (when the discount period expires). Alternatively, they can pay the full $11,000 in one month when the invoice is due. H2M is considering three options:
