Question
Item 19 You place an order for 1,900 units of Good X at a unit price of $56. The supplier offers terms of 2/20, net
Item 19 You place an order for 1,900 units of Good X at a unit price of $56. The supplier offers terms of 2/20, net 40.
a-1. How long do you have to pay before the account is overdue?
a-2. If you take the full period, how much should you remit? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
b-1. What is the discount being offered? (Enter your answer as a percent.)
b-2. How quickly must you pay to get the discount?
b-3. If you do take the discount, how much should you remit? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
c-1. If you dont take the discount, how much interest are you paying implicitly? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
c-2. How many days credit are you receiving? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
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