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McCallister's just purchased $15,900 worth of inventory The terms of the sale were 1/15, net 45. What is the implicit interest? Multiple Choice $179 $143

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McCallister's just purchased $15,900 worth of inventory The terms of the sale were 1/15, net 45. What is the implicit interest? Multiple Choice $179 $143 $169 $159 $148 Cat Supplies offers terms of 1/10.net 35. The discount is taken by 76 percent of customers. What is the company's average collection period? Multiple Choice 16.00 days 1477 days 22.81 days 19.25 days 22.50 days

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