Question 19Zoro Inc. purchased a new machine on October 20, 2010 for $1,000,000 on credit. The supplier has offered Zoro terms of 2/10, n/45. Zoro’s bank is currently lending funds at 8 percent. IF Zoro pays this invoice within the DISCOUNT period, on what exact date should they electronically transfer the funds to the supplier?A. October 20 (the date of the invoice)B. October 21C. October 22D. October 30E. November 24 Zoro Inc. purchased a new machine on October 20, 2010 for $1,000,000 on credit. The supplier has offered Zoro terms of 2/10, n/45. Zoro’s bank is currently lending funds at 8 percent. IF Zoro pays this invoice within the DISCOUNT period, what is the exact amount they will pay the supplier?A. $20,000B. $920,000C. $980,000D. $1,000,000E. $1,020,000 Question 21Zoro Inc. purchased a new machine on October 20, 2010 for $1,000,000 on credit. The supplier has offered Zoro terms of 2/10, n/45. Zoro’s bank is currently lending funds at 8 percent. IF Zoro elects NOT to pay this invoice within the DISCOUNT period, what is the exact amount they should pay the supplier?A. $20,000B. $920,000C. $980,000D. $1,000,000E. $1,020,000
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