5. Cost of trade credit A Aa Firms usually offer their customers some form of trade credit. This allowance comes with certain terms of credit, which affect the cost of asset of sale for the buyer as well as the seller. Consider this case: Burleigh and Rooster Co. buys most of its raw materials from a single supplier. This supplier sells to Burleigh and Rooster Co. on terms of 2/15, net 30. What is the cost per period of the trade credit extended to Burleigh and Rooster Co.? (Note: Use 365 days as the length of a year in all calculations.) 0 2.45% 2.35% O 2.04% O 2.24% What is the nominal annual cost of Burleigh and Rooster Co.'s trade credit 11 Burleigh and Rooster Co.'s supplier shortens the discount period to five days, this will trade credit the cost of the