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Cold Duck Manufacturing Inc. buys on terms of 2 1 5 , net 6 0 from its chief supplier. If Cold Duck receives an invoice

Cold Duck Manufacturing Inc. buys on terms of 215, net 60 from its chief supplier.
If Cold Duck receives an invoice for $1,545.78, what would be the true price of this invoice? (Note: Round all intermediate calculations to four decimal places, and your final answer to two decimal places.)
$1,136.15
$1,287.63
$1,514.86
$1,590.60
The nominal annual cost of the trade credit extended by the supplier is q, assuming a 365-day year. (Note: Round all intermediate calculations to four decimal places, and your final answer to two decimal places.)
Suppose Cold Duck does not take advantage of the discount and then chooses to pay its supplier late-so that on average, Cold Duck will pay its supplier on the 65 th day after the sale. As a result, Cold Duck can decrease-its nominal cost of trade credit by by paying late. (Note: Round all intermediate calculations to four decimal places, and your final answer to two decimal places.)
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