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Describe why the might not be a strategy

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Question 1: Riley Inc, purchases $10,000,000 worth of materials each on credit terms of 3/10, n / 45 Riley always pays on day 45 , never taking the discount Riley does this because they do not collect from Customers until the end of the month Riley could borrow money from a bank at a rate of 10% through computations why this might not be a strategy?

Reference no: EM132539853

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