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How much is balance of accounts payable of abc corporation

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Problem 1: ABC Corporation has an annual purchase of P1,500,000. The term offered by the supplier was 2/10, n/30. The company did not avail of the discount but always pays on time at the end of the credit period. How much is the balance of accounts payable of ABC Corporation? What is the cost of discount foregone?

A. P120,000; 36%

B. P125,000; 36.73%

C. P120,000; 36.73%

D. P125,000; 36%

Reference no: EM132760121

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