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LO 2 4 . Cash Discounts You place an order for 5 6 0 units of Good X at a unit price of 5 8
LO Cash Discounts You place an order for units of Good X at a unit price of $ The supplier offers terms of net 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?
LO Cash Discounts You place an order for units of Good X at a unit price of $ The supplier offers terms of net
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?
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