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Problem 17-4 Cash Discounts (LO 2] You place an order for 1,400 units of Good X at a unit price of $51. The supplier offers
Problem 17-4 Cash Discounts (LO 2] You place an order for 1,400 units of Good X at a unit price of $51. The supplier offers terms of 3/20, net 45. 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 don't 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.) days a-1. Number of days a-2. Remittance b-1. Discount rate b-2. Number of days b-3. Remittance C-1. Implicit interest c-2. Days' credit days days
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