a. If a firm buys under terms of 1/15, net 35, but actually pays on the 20th day and takes the discount, what is the nominal cost of its entre traderet A 365-day year. Do not round intermediate calculations, Round your answer to two decimal places b. Does it receive more or less credit than it would ir it paid within 15 days? I. Paying before the discount period and taking the discount gives the firm more credit than it would receive if it paid within 15 days IL Paying after the discount period, but still taking the discount gives the firm more credit than it would receive if it paid within 15 days III. Paying after the discount period, but still taking the discount gives the firm loss credit than it would receive if it paid within 15 days lect- Grunewald Industries sells on terms of 1/10, net 60. Gross sales last year were 44,635,500 and accounts receivable averaged $500,000. Hur of Gastouped on the 10th day and took discounts. What are the nominal and effective costs of trade credit to Grunewatery rondiscount estomers ont cette sed on 365 days calculate the average receivables for discount customers, and then find the so for the nondiscount customers.) Do not found intermediate catene found your answer decimal places Nominal cost of trade credit: Effective cost of trade credit