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Please answer the three questions. Both screenshots are the same. I just posted both to show all anwer options. Thank you Aa Aa E. 10.
Please answer the three questions. Both screenshots are the same. I just posted both to show all anwer options. Thank you
Aa Aa E. 10. Cost of trade credit Firms usually offer their customers some form of trade credit. This allowance comes with certain terms of credit, which affect the cost of asset of sale for the buyer as well as the seller. Consider this case: Green Moose Industries buys on terms of 2.5/15, net 45 from its chief supplier If Green Moose receives an invoice for $1,254.98, at would be the true price of this invoice? $856.53 $1,223.61 O $917.71 $1,284.79 The nominal annual cost of the trade credit extended by the supplier is 36.76% 34.89% 32.40% 31.15% pay its supplier late so that on Suppose Green Moose does not take advantage of the discount and the average, On average, Green Moose will pay its supplier on the 50th d arter tne ale. As a result, Green Moose can by paying late. decrease its nominal cost of trade credit byStep by Step Solution
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