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Find cost period of trade credit extended to green moose

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Reference no: EM132519200

Green moose industries buys most of its raw materials from a single supplier. This supplier sells to Green Moose on term of 1/15, net 45.

Question 1: The cost per period of the trade credit extended to Green Moose, round to two decimal places is ______.

Question 2: Green Moose's trade credit has a nominal annual cost of ______, assuming a 365- day per year. (Round all intermediate calculations to four decimal places, and your final answer ti two decimal places.

Question 3: If green moses industries' supplier shortens its discount period to five days, this will _____ (increase,decrease) the cost of the trade credit.

Reference no: EM132519200

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