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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

LO24. Cash Discounts You place an order for 560 units of Good X at a unit price of 586 $67. The supplier offers terms of 110, 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?
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