FISC Problem Set Summer 2021 Page 13 of 22 3. Piccini Manufacturing Company offers its customers credit terms of 3/15, net 30 to its customers. a. Identify a business purpose of offering such credit terms to customers. (pont) b. Compute the annual percentage cost to Plcciril Manufacturing Company of offering credit terms of 3/15, net 30 to its customers. (a points) Your Answer Annual Percentage Cost of Credit Terms Supporting Calculation Required: d. Explain why it is critical that the account receivable clerk: 1) Not be the individual who receives the checks and prepares the initial check listing. (3 points) 2) Receives the initial check listing immediately after it is prepared. (3 points)