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You place an order for 2,700 units of Good X at a unit price of $64. The supplier offers terms of 1/15, net 40. a-1.

You place an order for 2,700 units of Good X at a unit price of $64. The supplier offers terms of 1/15, net 40.

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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