Current Attempt in Progress Blue Spruce Mowers Ltd. agreed to sell the City of Halifax four riding mowers and 20 push lawn mowers. The contract price was $ 73,200. Blue Spruce normally sells its riding mowers for $ 14,640 and its push lawn mowers for $976. The contract required the Cit- of Halifax to pay Blue Spruce once all of the merchandise has been delivered to the city's public works yard. Blue Spruce's management does not expect any returns or any issues with payment Blue Spruce delivered all four of the riding mowers and 14 of the push mowers on April 26. The remaining six push mowers were delivered on May 5. Blue Spruce received payment from the city on May 18. Blue Spruce's cost for each riding mower is $ 10,126 while the push mowers cost the company $ 630 each (a) Determine the amount of revenue that Blue Spruce would be able to recognize in April Revenue Recognized Riding mowers Push lawnmowers Textbook and Media Marigold Ltd's main supplier offers it credit terms of 1/15,n/30 on its purchases. Because cash flow is tight for Marigold, the company's CFO is trying to determine what the annual interest rate would be if the company passes up this discount and pays at the end of the 30-day credit period instead. (Round answer to 2 decimal places, es. 15.25.) Annual interest rate 96 Also, Marigold can access a short-term loan with interest of 9e, which would provide it with the funds to take advantage of the purchase discount, should it do so