Luxury hotel has a Php553M accounts payable which could be paid before the year-end. But if the company could settle bef

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Luxury Hotel Has A Php553m Accounts Payable Which Could Be Paid Before The Year End But If The Company Could Settle Bef 1 (64.71 KiB) Viewed 11 times

Luxury hotel has a Php553M accounts payable which could be paid before the year-end. But if the company could settle before the due date, the supplier could give a 4.75% discount. If the business would avail of its short-term credit facility at 4.50%, how can the company save?