1. Compute annual rate of return on investment? Use 360 day year in your calculation.
2. Calculate annual rate of return on investment? Use 360 day period
3. Which of the terms 1-3 part a is not probable to be significant incentive to customers to pay promptly
a. 1/15, net 30
b. 2/10, net 60
c. 1/10 net 90