Question
1. value: 10.00 points You place an order for 360 units of inventory at a unit price of $115. The supplier offers terms of 2/10,
1.
value: 10.00 points
| You place an order for 360 units of inventory at a unit price of $115. The supplier offers terms of 2/10, net 60. |
| a-1 | How long do you have to pay before the account is overdue? |
| Days until overdue | days |
| a-2 | If you take the full period, how much should you remit? |
| Remittance | $ |
| b-1 | What is the discount being offered? |
| Discount offered | % |
| b-2 | How quickly must you pay to get the discount? |
| Number of days | days |
| b-3 | If you do take the discount, how much should you remit? |
| Remittance | $ |
| c-1 | If you dont take the discount, how much interest are you paying implicitly? |
| Implicit interest | $ |
| c-2 | How many days credit are you receiving? |
| Days' credit | days |
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Contemporary Quantitative Finance
Authors: Carl Chiarella, Alexander Novikov
2010th Edition
3642034780, 978-3642034787
