Should you borrow the money to pay the invoice

Reference no: EM131527585

Question: 1. Sometimes a retailer will not accept American Express, but will accept MasterCard or VISA. Why would a retailer accept one and not the other?

2. Assume that you purchased merchandise with credit terms 2/10, n/30. On the date the invoice is due, you don't have the cash to pay the invoice. However, you can borrow the necessary money at an 8% annual interest rate. Should you borrow the money to pay the invoice? Explain.

3. Can a business earn a gross profit but incur a net loss? Explain.

Reference no: EM131527585

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