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Question 3 (7 marks) a)Explain the credit facility provided by some companies to their customers that allows them to manage their day-to-day liquidity situation b)Calculate

Question 3 (7 marks)

a)Explain the credit facility provided by some companies to their customers that allows them to manage their day-to-day liquidity situation

b)Calculate the opportunity cost of an invoice that specifies the following conditions, as shown below:

conditions: 2.21/10, n/40.

conditions: 2.5/10, n/35.

conditions: 2.21/20, n/45.

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