Question
You place an order for 1,800 units of Good X at a unit price of $55. The supplier offers terms of 1/10, net 45. a-1.
You place an order for 1,800 units of Good X at a unit price of $55. The supplier offers terms of 1/10, 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 dont 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 of 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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