Question
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. a-1.
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. 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.)
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