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Your firm purchases goods from its supplier on terms of 1.8/12, net 35. a. What is the effective annual cost to your firm if it

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Your firm purchases goods from its supplier on terms of 1.8/12, net 35. a. What is the effective annual cost to your firm if it chooses not to take the discount and makes its payment on day 357 b. What is the effective annual cost to your firm if it chooses not to take the discount and makes its payment on day 457 (Hint: Use a 365-day year.) a. What is the effective annual cost to your firm it chat not in tove the demand and main

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