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please solve for the 3 drop downs. the 2nd and 3rd ones are % Firms usually offer their customers some form of trade credit. This
please solve for the 3 drop downs. the 2nd and 3rd ones are %
Firms usually offer their customers some form of trade credit. This allowance comes with certain terms of credit. These terms will affect the cost of the asset for both the buyer and the seller. Consider the following case: Free Spirit Industries Inc. buys on terms of 4/10, net 30 from its principal supplier. If Free Spirit receives an invoice for $1,889.99, then the true price of this invoice is $1,814.39 The supplier is willing to extend credit that exhibits an annual percentage rate (APR) of Suppose Free Spirit doesn't take the discount and instead chooses to pay its supplier five days' late-so that on average, Free Spirit will pay its supplier on the 35th day after the date of sale. As a result, Free Spirit can decrease its actual cost of trade credit by by paying late
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