Q2

You place an order 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?( round answer to whole number)

b-1. What is the discount being offered?(enter answer as 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? (round answer to whole number)

c-1. If you don't take the discount, how much interest are you paying implicitly?(round answer to whole number)

c-2. How many days credit are you receiving?(round answer to whole number)