Credit terms Purchases made on creditare due in full by the end of the biling period. Many firms extend a discount for payment made in the first part of the biling period. The original invoice contars a type of shorthand notason that explains the credit terms that apply. (Note: Assume a 265-day year.) a. Wile te short and expression of credit terms for each of following: b. For each of the sets of credt terms in part a, calculate the number of days until full payment is cue for invoices dated March 12 c. For each of the sets of credit terms, calculate the cost of gtwagen to cash account d. If the firm's cost of short-terin francing is 0.1%, what would you recorrmend in regard to taking the Ciscount or giving it up in each case? Round consistently and select from the drop-down menu A. The short-hand expression of the credit terme 118 ) net The short and expression of the credil terms 2 is. 7:7 Thel v. Round consistently and select from the drop-down menu.) X The shorhand expression of the credit terms 3 is met : . (Round consistently and select from the drop-down menu.) The shar-hand expression of the crediterms 4 is: -) .at 7. Round consistory and select from the crop-down menu. b. b. Cred terms 1 is dun in days. (Round in the nearest integer) . to Credit terms 2 is due in days. (Round to the nearest integer.) ) Data table Credit terms is due in days. (Round to the nearest integer.) 3 Cick on the icon located on the top-right corner of the data islle below in order to Credit terms 4 is due in days. (Round to the nearest integer.) copy its contents into a spreadsheet.) c. Cast af giving up the cash discount for caseis. (Round in two decimal places.) Beginning of Cash discount discount period Credil period ecil period Cost of ging up the cash discount for cze 2 * {Rounc bo two decmal places) - 1.8% 12 days 32 days date of invloe 1.5% 25 days end of morth Cost of gming up the cash discount for case 35 (Rounc bo two decmal places) 1.8% 7 days 30 days date of invoice 1.8% 55 days end of morth Cost of ghing up the cash discours far caze 4 ]. {Round to two decimal places) d1, d. For credit tamme 1 the firm would be better off by the cash discount (Select from the drop-down menu) Print Done For credil terms 2. Ule firm would be beller oft ly the cal discount (Select from the crop-down meru. Cash 7 days 10 days For credit forms 3, the frm would be better off by the cash discount (Select from the drop down menu. For creditors 4, the firm would be better off by the cash discount (Select from the drop-down menu. Credit terms Purchases made on creditare due in full by the end of the biling period. Many firms extend a discount for payment made in the first part of the biling period. The original invoice contars a type of shorthand notason that explains the credit terms that apply. (Note: Assume a 265-day year.) a. Wile te short and expression of credit terms for each of following: b. For each of the sets of credt terms in part a, calculate the number of days until full payment is cue for invoices dated March 12 c. For each of the sets of credit terms, calculate the cost of gtwagen to cash account d. If the firm's cost of short-terin francing is 0.1%, what would you recorrmend in regard to taking the Ciscount or giving it up in each case? Round consistently and select from the drop-down menu A. The short-hand expression of the credit terme 118 ) net The short and expression of the credil terms 2 is. 7:7 Thel v. Round consistently and select from the drop-down menu.) X The shorhand expression of the credit terms 3 is met : . (Round consistently and select from the drop-down menu.) The shar-hand expression of the crediterms 4 is: -) .at 7. Round consistory and select from the crop-down menu. b. b. Cred terms 1 is dun in days. (Round in the nearest integer) . to Credit terms 2 is due in days. (Round to the nearest integer.) ) Data table Credit terms is due in days. (Round to the nearest integer.) 3 Cick on the icon located on the top-right corner of the data islle below in order to Credit terms 4 is due in days. (Round to the nearest integer.) copy its contents into a spreadsheet.) c. Cast af giving up the cash discount for caseis. (Round in two decimal places.) Beginning of Cash discount discount period Credil period ecil period Cost of ging up the cash discount for cze 2 * {Rounc bo two decmal places) - 1.8% 12 days 32 days date of invloe 1.5% 25 days end of morth Cost of gming up the cash discount for case 35 (Rounc bo two decmal places) 1.8% 7 days 30 days date of invoice 1.8% 55 days end of morth Cost of ghing up the cash discours far caze 4 ]. {Round to two decimal places) d1, d. For credit tamme 1 the firm would be better off by the cash discount (Select from the drop-down menu) Print Done For credil terms 2. Ule firm would be beller oft ly the cal discount (Select from the crop-down meru. Cash 7 days 10 days For credit forms 3, the frm would be better off by the cash discount (Select from the drop down menu. For creditors 4, the firm would be better off by the cash discount (Select from the drop-down menu