You place an order for 2,500 units of Good X at a unit price of $62. The supplier offers terms of 2/25, net 35. (Enter your answer as directed, but do not round intermediate calculations.) Requirement 1:

(a) How long do you have to pay before the account is overdue? Number of days ________days

(b) If you take the full period, how much should you remit? Remittance $ _____

Requirement 2: (

a) What is the discount being offered? (Enter your answer as a percentage.) Discount rate_________ % (

b) How quickly must you pay to get the discount? Number of days _______days

(c) If you do take the discount, how much should you remit?

Remittance $__________

Requirement 3:

(a) If you dont take the discount, how much interest are you paying implicitly? Implicit interest $__________

(b) How many days credit are you receiving? Days credit_________ days