49. Bumpas Enterprises purchases $4,562,500 in goods per year from its sole supplier on terms of 2/15, net 85. If the firm chooses to pay on time but does not take the discount, what is the effective annual percentage cost of its non-free trade credit? (Assume a 365-day year.) Group of answer choices 13.78% 11.11% 10.33% 11.66% 11.44%

50.

A firm buys on terms of 2/8, net 45 days, it does not take discounts, and it actually pays after 63 days. What is the effective annual percentage cost of its non-free trade credit? (Use a 365-day year.)

Group of answer choices

14.35%

17.07%

15.50%

15.93%

12.48%