Response to the following problem:
Calculate the cost of trade credit to your customers for each of the following credit terms, assuming they pay on the net day:
a. 2/10, net 30,
b. 1/10, net 30,
c. 3/20, net 30,
d. 1/10, net 40,
e. 3/10, net 40 .
Show all work and calculations.