Question: Can someone help me with this problem? it requires 2 answers. Simple Simon's Bakery purchases supplies on terms of 12/10 net 25 . If Simple

Can someone help me with this problem? it requires 2 answers.

Simple Simon's Bakery purchases supplies on terms of 12/10 net 25 . If Simple Simon's chooses to take the discount offered, it must obtain a bank loan to meet its shortterm financing needs. A local bank has quoted Simple Simon's owner an interest rate of 10.5% on borrowed funds. Should Simple Simon's enter the loan agreement with the bank and begin taking the discount? (Hint: Use 365 days for a year.) The cost of forgoing the discount is \%. (Round to one decimal place.)

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