You place an order for 2,400 units of Good X at a unit price of $61. The supplier offers terms of 1/20, net 50. Requirement 1: (a) How long do you have to pay before the account is overdue? (b) If you take the full period, how much should you remit? Remittance Requirement 2: (a) What is the discount being offered? (b) How quickly must you pay to get the discount? Number of days (c) If you do take the discount, how much should you remit? Requirement 3: (a) If you don't take the discount, how much interest are you paying implicitly? Implicit interest (b) How many days' credit are you You place an order for 2,400 units of Good X at a unit price of $61. The supplier offers terms of 1/20, net 50. Requirement 1: (a) How long do you have to pay before the account is overdue? (b) If you take the full period, how much should you remit? Remittance Requirement 2: (a) What is the discount being offered? (b) How quickly must you pay to get the discount? Number of days (c) If you do take the discount, how much should you remit? Requirement 3: (a) If you don't take the discount, how much interest are you paying implicitly? Implicit interest (b) How many days' credit are you