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Cash Discounts [LO1] You place an order for 250 units of inventory at a unit price of $190. The supplier offers terms of 1/10, net

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Cash Discounts [LO1] You place an order for 250 units of inventory at a unit price of $190. The supplier offers terms of 1/10, net 30 . a. How long do you have to pay before the account is overdue? If you take the full period, how much should you remit? b. What is the discount being offered? How quickly must you pay to get the discount? If you do take the discount, how much should you remit? c. If you don't take the discount, how much interest are you paying implicitly? How many days +credit are you receiving? 2. Size of Accounts Receivable [1.01] The Caccamisse Corporation has annual sales of 529 million. The average collection period is 34 days. What is the average investment in accounts receivable as shown on the balance sheet? Assume 365 days per year

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