# Question: your firm purchases goods from its supplier on terms of...

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Your firm purchases goods from its supplier on terms of 1.1 divided by 15 comma net 40. a. What is the effective annual cost to your firm if it chooses not to take the discount and makes its payment on day 40? b. What is the effective annual cost to your firm if it chooses not to take the discount and makes its payment on day 50? a. What is the effective annual cost to your firm if it chooses not to take the discount and makes its payment on day 40? The effective annual cost is nothing%. (Round to two decimal places.)