One of the benefits of edi is that it can reduce lead time, which is select one:

a. the time from when funds are committed for purchase of raw materials to the time when the payment for the finished goods is actually received.

b. the time between when an item is sold to a customer and when a replacement is made available for purchase by another customer.

c. the time from when an rfp is announced to the time a consumer purchases the finished product.

d. the time between when finished goods leave the manufacturer and when they arrive, floor-ready, at the retailer.

e. the time between the decision to place an order and the receipt of the merchandise.

John and daphne are saving for their daughter ellen's college education. ellen just turned 10 at (t = 0), and she will be entering college 8 years from now (at t = 8). college tuition and expenses at state u. are currently $14,500 a year, but they are expected to increase at a rate of 3.5% a year. ellen should graduate in 4 years--if she takes longer or wants to go to graduate school, she will be on her own. tuition and other costs will be due at the beginning of each school year (at t = 8, 9, 10, and 11).so far, john and daphne have accumulated $15,000 in their college savings account (at t = 0). their long-run financial plan is to add an additional $5,000 in each of the next 4 years (at t = 1, 2, 3, and 4). then they plan to make 3 equal annual contributions in each of the following years, t = 5, 6, and 7. they expect their investment account to earn 9%. how large must the annual payments at t = 5, 6, and 7 be to cover ellen's anticipated college costs? a. $1,965.21b. $2,068.64c. $2,177.51d. $2,292.12e. $2,412.76