Question
You place an order for 1,700 units of Good X at a unit price of $54. The supplier offers terms of 3/15, net 35. a-1.
You place an order for 1,700 units of Good X at a unit price of $54. The supplier offers terms of 3/15, net 35.
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, howmuch 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.)
a-1 Number Days _____________ days
a-2 Remittance _________
b-1 Discount Rate __________%
b-2 Number of Days __________ days
b-3 Remittance _______________
c-1 Implicit Interest ___________
c-2 Days credit __________ days
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