Question 5 20 minutes, 20 marks) Part A: A supplier offers terms of 1/10, net 30 on all of it's non-cash sales transactions. You purchase 400 units of inventory on credit from this company on June 4, 2019 at a unit price of $150. a. How long do you have to pay before the account is considered overdue? (1 mark) b. How much would you pay to the supplier if you took the full term to pay the amount? (4 marks) c. What is the discount being offered and when must you pay the supplier in order to get the discount? (4 marks) d. If you don't pay within the discount period, what is the effective interest rate that you are paying? How many days credit are you receiving? (4 marks) FIN1202 FINAL e. Without doing any calculations explain what would happen to the effective rate if (4 marks) i. The discount is changed to 2%. ii. The credit period is increased to 45 days