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4. You have talked to the companys suppliers about the :redit terms that you receive. Currently, the company receives terms of net 45. The suppliers
4. You have talked to the companys suppliers about the :redit terms that you receive. Currently, the company receives terms of net 45. The suppliers have stated that they Mould offer new credit terms of 1.5/15, net 40. The discount would begin to be offered on the first day of the first quarter. a. What interest rate are suppliers offering the company? b. Rework the cash budget and short-term financial plan issuming you take the offered credit terms on all orders and be minimum cash balance is $100,000. Also assume the :ompany offers the credit terms detailed in Question 3
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