Loan agreement with the bank and begin taking the discount

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Simple simon's bakery puts gases supplies in terms of 1.1/10, net 24. If simple simons owner an interest rate of 11.6% on borrowed funds. Should simple simons enter the loan agreement with the bank and begin taking the discount? (Use 365 days for a year)

Reference no: EM131328817

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Loan agreement with the bank and begin taking the discount : Simple simon's bakery puts gases supplies in terms of 1.1/10, net 24. If simple simons owner an interest rate of 11.6% on borrowed funds. Should simple simons enter the loan agreement with the bank and begin taking the discount?

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