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Tasty Tuna Corporation buys on terms of 3 . 5 1 5 , net 3 0 from its chief supplier. If Tasty Tuna receives an
Tasty Tuna Corporation buys on terms of net from its chief supplier.
If Tasty Tuna receives an invoice for $ what would be the true price of this invoice? Note: Round all intermediate calculations to four decimal places, and your final answer to two decimal places.
$
$
$
$
The nominal annual cost of the trade credit extended by the supplier is assuming a day year. Note: Round all intermediate calculations to four decimal places, and your final answer to two decimal places.
Suppose Tasty Tuna does not take advantage of the discount and then chooses to pay its supplier lateso that on average, Tasty Tuna will pay its supplier on the th day after the sale. As a result, Tasty Tuna can decrease its nominal cost of trade credit by by paying late. Note: Round all intermediate calculations to four decimal places, and your final answer to two decimal places.
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