Question: Answer the following questions: 1 . What is the effective annual rate for credit terms of 2 / 1 5 net 4 5 ? 2

Answer the following questions:
1. What is the effective annual rate for credit terms of 2/15 net 45?
2. What is the EOQ for an inventory item with a carrying cost of $3.00 per unit, a fixed order cost of $125 per order, and annual sales of 90,000 units?

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