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Firms usually offer their customers some form of trade credit. This allowance comes with certain terms of credic, 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 credic, which affect the cost of asset of sale for the burict as well as the seller. Green Moose Industries buys on terms of 3/15, net 45 from its chief supplier. If Green Moose recelves an invoice for $1,889.99, what would be the true price of this involice? $2,291.61 51,924,95 $1,833.29 31,558,30 The nominal annual cost of the trade credit extended by the supplier is i assuming a 365 -day year. Suppose Green Moose does not take advantage of the discount and then chooses to pay its supplier tate-so that on average. On average, Green Moose will pay its supplier on the soth day after the sale. As a result, Green Moose can decrease its nominal cost of trade credit by by paying late

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