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. Green Moose Industries buys on terms of 1.5/20, net 30 from its chief supplier. If Green Moose recelves an invoice for $1,545.78, what would be the true price of this invoice? $1,522.59$1,218,07$1,294.20$1,903.24 The nominal annual cost of the trade credit extended by the supplier is assuming a 365 -day year, Suppose Green Moose does not take advantage of the discount and then chooses to pay its supplier late-so that on average, On average, Green Moose will pay its supplier on the 35 th day after the sale. As a result, Green Moose can decrease its nominal cost of trade credit by late. 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. Green Moose Industries buys on terms of 1.5/20, net 30 from its chlef supplier. If Green Moose receives an invoice for 51,545.78, what would be the true price of this involce? \begin{tabular}{|l|l|} \hline$1,522.59 & 65.47% \\ \hline$1,218.07 & 46.05% \\ \hline$1,294.20 & 54.37% \\ \hline$1,903.24 & 55.48% \\ \hline \end{tabular} The neminal annual cost of the trade credit extended by the supplier is assuming a 365 -day year. Suppose Green Moose does not take advantage of the discount and then chooses to pay its suppller late-so that on average. On average, Green Moose will pay its suppler on the 35 th day after the sale. As a result, Green Moose can decrease its nominal cost of trade credit by late. Frms usually offer their customers some form of trade credit. This allowance comes with certain terms of credit, which affect the cost of asset of sole. for the buyer as well as the seller. Green Moose Industries buys on terms of 1.5/20, net 30 from its chief supplier. If Green Moose receives an involce for $1,545.78, what would be the true price of this invoice? $1,522.59$1,218.07$1,294.20$1,903.24 The nominal annual cost of the trade credit extended by the supplier is assuming a 365 -day year: Suppose Green Moose does not take advantage of the discount and then chooses to pay its supplier late-so that on average. On av. 34.21, een Moose will pay its supplier on the 35 th day after the sale. As a result, Green Moose can decrease its nominal cost of trade credit by Jate