McEwan Industries sells on terms of 3/10, net 40. Total sales for the year are $534,000; 40% of the customers pay on the 10^th day and take discounts, while the other 60% pay, on average, 52 days after their purchases. Assume 365 days in year for your calculations.

A. What is the percentage cost of trade credit to customers who do not take the discount and pay in 52 days? Round your answers to two decimal places. Do not round intermediate calculations.

Nominal cost:	____%
Effective cost:	____%

B. What would happen to McEwans accounts receivable if it toughened up on its collection policy with the result that all nondiscount customers paid on the 40^th day? Round your answers to two decimal places. Do not round intermediate calculations. Days sales outstanding (DSO) = ____ days

Average receivables = $____