NEED ANSWERS FOR A AND B THANK YOU!!!

Your firm purchases goods from its supplier on terms of 2.8/11, net 30. a. What is the effective annual cost to your firm if it chooses not to take the discount and makes i payment on day 30? b. What is the effective annual cost to your firm if it chooses not to take the discount and makes its payment on day 40? (Hint: Use a 365-day year.) a. What is the effective annual cost to your firm if it chooses not to take the discount and makes its payment on day 30? If your firm chooses not to take the discount and makes its payment on day 30, the effective annual cost is % (Round to one decimal place.) Help me solve this View an example Get more help Clear all Check