14.

Your firm purchases goods from its supplier on terms of 1.3/10, net 30 . a. What is the effective annual cost to your firm if it chooses not to take the discount and makes its payment on day 30 ? b. What is the effective annual cost to your firm if it chooses not to take the discount and makes its payment on day 40 ? a. What is the effective annual cost to your firm if it chooses not to take the discount and makes its payment on day 30 ? The effective annual cost is \%. (Round to two decimal places.) b. What is the effective annual cost to your firm if it chooses not to take the discount and makes its payment on day 40 ? The effective annual cost is \%. (Round to two decimal places.)