.Mala-Prohibita Company has annual credit purchase of ₱720,000 with a usual term of 3/10, net 35. The company never defaulted in paying its accounts. Assume a 360-day year, determine the simple cost of foregoing the cash discount. (round to 2 decimal places)
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3.Mala-Prohibita Company has annual credit purchase of ₱720,000 with a usual term of 3/10, net 35. The company never defaulted in paying its accounts. Assume a 360-day year, determine the simple cost of foregoing the cash discount. (round to 2 decimal places)
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