It is typically beneficial for companies to take advantage of early-payment discounts allowed on purchases made on credit. To see why this is the case, determine the effective rate of interest associated with not taking advantage of the earfy-payment discount for each of the following stuatons. Assume in each case that payment is made on the 30 ch day of the bafing cycle? Required: 1. What is the opportunity cost of not taking advantage of the discount associated with purchases made under the followng terms: 5 no, \\( n / 30 \\) ? 2 What is the opportunity cost of not taking advantage of the discount assoclated wht purchases made under the following terms? \\( 4 \\cap \\mathrm{no} / 30 \\) ? 3. To motivate managers to take early-payment discounts, what is the approprlate accounting treatment for purchase discounts? 8 Answer is not complets. Complete this question by entering your answers in the tabs below. What is the epportunity cost of not tabing advantage of the discount assadoted with purchates made under the following places (Gie.p. \\( 1524=15,24 \\mathrm{Ag}) \\) )