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Arkansas Technology Incorporated (ATI) purchases soods from its suppriers on terns 4) Listen of3115,net40. a....

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Arkansas Technology Incorporated (ATI) purchases soods from its suppriers on terns 4) Listen of3115,net40. a. Explain in your words what those credit terms mean? (1 mark) b. What is the effective annual cost( in % to A Tl if they choose not to tave the discount and pay at 40 days? (2 maris) c. What is the effective annual cost to A T if they choose noi to tive the discount and will pay their invoice atter 50 dars (assuming ther wit be tio penalty for late payment? ? (2 maris) Arkansas Technology Incorporated (ATI) purchases soods from its suppriers on terns 4) Listen of3115,net40. a. Explain in your words what those credit terms mean? (1 mark) b. What is the effective annual cost( in % to A Tl if they choose not to tave the discount and pay at 40 days? (2 maris) c. What is the effective annual cost to A T if they choose noi to tive the discount and will pay their invoice atter 50 dars (assuming ther wit be tio penalty for late payment? ? (2 maris)

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