Hello experts! Looking for some help with both of these problems! Please please help on both

a Problem 15-3 0 Cost of Trade Credit What is the nominal and effective cost of trade credit under the credit terms of 4:15, net 3!}? 0 Assume 355 days in a year for your calculation Q Round your answers to two decimal places. Do 0 not round intermediate calculations. Nominal cost of trade credit Eli: Effective cost of trade credit \"it: Problem 16-6 Receivables Investment Snider Industries sells on terms of 3/10, net 25. Total sales for the year are $1,081,000. Thirty percent of the customers pay on the 10th day and take discounts; the other 70% pay, on average, 24 days after their purchases. Assume 365 days in year for your calculations. a. What is the days sales outstanding? Round your answer to one decimal place. days b. What is the average amount of receivables? Round your answer to the nearest dollar. c. What would happen to average receivables if Snider toughened up on its collection policy with the result that all nondiscount customers paid on the 25th day? Round your answer to the nearest dollar. Check My Work