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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

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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 selleri Consider this case: Green Moose Industries buys on terms of 2/10, net 45 from its chlet supptier: If Green Moose receives an invoice for $2,100.96; what wouid be the true price of this involen? (Note: round all intermediate calculations to four decimal places, and your final answer to two decimal places.) $1,647.17$2,161.91$1,544,22$2,050.96 The nominal annual cost of the trade credit extended by the supplier is calculations to four decimal ploces, and your final answer to two decimal places.) Suppose Green Moose does not take advantage of the discount and then chooses to pey ito supplier late-so that on average, Green Moose will pay its supplier on the 5oth day after the sale. As a result, Green Moose can decrease its nominal cost of trade credit by Round all intermediate calculations to four decimal places, and your final answer to two decimal places.)

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