In: Finance
Lancaster Lumber buys $8 million of materials (net of discounts) on terms of 3/5, net 60; and it currently pays on the 5th day and takes discounts. Lancaster plans to expand, which will require additional financing. Assume 365 days in year for your calculations.
********PLEASE LABEL ALL 5ANSWERS VERY CLEARLY AND I WILL LEAVE A GOOD REVIEW. ALL PARTS ARE FOR THE SAME QUESTION********