Question: Please answer all three white boxes or I will downvote, thanks! Your firm purchases goods from its supplier on terms of 2.9/14, net 35 .

Please answer all three white boxes or I will downvote, thanks! Yourfirm purchases goods from its supplier on terms of 2.9/14, net 35

Please answer all three white boxes or I will downvote, thanks!

Your firm purchases goods from its supplier on terms of 2.9/14, 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 35 ? b. What is the effective annual cost to your firm if it chooses not to take the discount and makes its payment on day 45? (Hint: Use a 365-day year.) a. What is the effective annual cost to your firm if it chooses not to take the discount and makes its payment on day 35 ? If your firm chooses not to take the discount and makes its payment on day 35 , the effective annual cost is %. (Round to one decimal place.) b. What is the effective annual cost to your firm if it chooses not to take the discount and makes its payment on day 45 ? If your firm chooses not to take the discount and makes its payment on day 45 , the effective annual cost is %. (Round to one decimal place.) FastChips Semiconductors has inventory days of 70 , accounts receivable days of 60 , and accounts payable days of 120 . What is its cash conversion cycle? The cash conversion cycle is days. (Round to the nearest integer.)

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