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You place an order for 1, 500 units of Good X at a unit price of $52. The supplier offers terms of 1/25, net 40.

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You place an order for 1, 500 units of Good X at a unit price of $52. The supplier offers terms of 1/25, net 40. a. How long do you have to pay before the account is overdue? Number of days If you take the full period, how much should you remit? Remittance b. what is the discount being offered? Discount rate How quickly must you pay to get the discount? Number of days If you do take the discount how much should you remit? Remittance c. If you don't take the discount, how much interest are you paying implicitly? implicit interest How many days credit are you receiving

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