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Nisaa A. & BRandon G. Company purchases goods from its supplier on terms 2/15 net 40. a) what is the effective annual cost of Nisaa

Nisaa A. & BRandon G. Company purchases goods from its supplier on terms 2/15 net 40.

a) what is the effective annual cost of Nisaa & Brandon Company if it chooses not to take the discount and makes it payment on day 40?

b) what is the effective annual cost of Nisaa & Brandon Company if it chooses not to take the discount and makes it payment on day 55?

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