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X of credit terms, calculate the cost of giving up the cash discount DUI UI Luys und lull payment is due for invoices dated March 12 ort-term f 0 Data Table each case? ssion of the e drop-down me ion of the (Click on the icon located on the top-right corner of the data table below in order to rop-down menu copy its contents into a spreadsheet.) ion of the rop-down menu.) Cash Beginning of 2 sion of the Cash discount discount period Credit period credit period 1.2% 11 days drop-down menu.) 36 days date of invoice in day 2.5% 9 days 32 days end of month 1.5% 7 days 35 days date of invoice days 1.7% 9 days 50 days end of month days. Print Done days - adop de Credit terms Purchases made on creditare due in full by the end of the billing period Many firms extend a discount for payment made in the first part of the billing period. The original invoice contains a type of shorthand notation that explains the credit forms that apply (Note Assume a 365 day year) exch a. Write the shorthand expression of credit terms for each of the following I M ad b. For each of the sets of credit terms in part a calculate the number of days until full payment is due for invoices dated March 12. https c. For each of the sets of credit terms, calculate the cost of giving up the cash discount d. the firm's cost of short-term financing is 8.5 what would you recommend in regard to taking the discount or giving Jan 9 up in each case? run fd a. The short-hand expression of the credit terms 1 net (Round consistently and select from the drop down menu) regare banki The short-hand expression of the credit terms 2 is net consistently and select from the drop down menu) date of invoice Missi The short hand expression of the credit terms 3 is net EOM consistently and select from the drop down menu) Peop The short-hand expression of the credit terms 4 is net (Round consistently and select from the drop down menu) b. Credit terms 1 is due in days (Round to the nearest integer) What Credit forms 2 is due in d ays (Round to the nearest integer) What Credit torms 3 is due in days. (Round to the nearest Integer) What Credit terms 4 is due in days. (Round to the nearest integer) banki Missi c. Cost of giving up the cash discount for case 1 is % (Round to two decimal places.) Cost of giving up the cash discount for case 2 is % (Round to two decimal places) Peop Cost of giving up the cash discount for case 3 is % (Round to two decimal places.) What Cost of giving up the cash discount for case 4 is_%. (Round to two decimal places) d. For credit terms 1, the firm would be better off by What the cash discount (Select from the drop-down menu.) For credit terms 2, the firm would be better off by fiscount (Select from the drop-down menu.) What For credit terms 3, the firm would be better off by taking discount. (Select from the drop-down menu.) What For credit terms 4, the firm would be better off by the cash discount. (Select from the drop-down menu.) Enter your answer in each of the answer boxes
