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a) Explain the credit facility provided by some companies to their customers that allows them to manage their day-to-day liquidity situation. b) Calculate the opportunity

a) Explain the credit facility provided by some companies to their customers that allows them to manage their day-to-day liquidity situation.

b) Calculate the opportunity cost of an invoice that specifies the following conditions, as shown below:

conditions: 2.21/10, n/40. (1 mark)

conditions: 2.5/10, n/35. (1 mark)

conditions: 2.21/20, n/45. (1 mark)

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