Firms usually offer their customers some form of trade credit. This allowance comes with certain terms of credit, which affect the cost of asset of sale for the buyer as well as the seller. Purple Turtle Group buys on terms of 2/15, net 30 from its chief supplier. If Purple Turtie receives an invoice for $1,545.78, what would be the true price of this invoice? \begin{tabular}{|l|} \hline$2,120.80 \\ \hline$1,590.60 \\ $1,514.86 \\ $1,060.40 \\ \hline \end{tabular} The nominal annual cost of the trade credit extended by the supplier is , assuming a 365-day year. Suppose Purple Turtie does not take advantage of the discount and then chooses to pay its supplier late-so that on average. On average, Purple Turtle will pay its suppier on the 35 th day after the sale. As a result, Purple Turtie can decrease its nominal cost of trade credt by paying late. Iirms usually offer their customers some form of trade credit. This allowance comes with certain terms of credit, which affect the cost of asset of sale for the buyer as well as the seller. Purple Turtie Group buys on terms of 2/15, net 30 from its chief supplier. If Purple Turtie recelves an invoice for $1,545.78, what would be the true price of this invoice? $2,120.80$1,590.60$1,514,86$11,060.40 The nominal annual cost of the trade credit extended by the suppler is Suppose Purple Turtie does not take advantage of the discount and then chooses to pay its supplier late-so that on average. On ax 22 Turtle will pay its supplier on the 35 th day after the sale. As a result, Purpie Turtie can decrease its nominal cost of trade credit by paying late