Question
You place an order for 300 units of inventory at a unit price of $135. The supplier offers terms of 3 / 10, net 60.
You place an order for 300 units of inventory at a unit price of $135. The supplier offers terms of 3 / 10, net 60.
a-1. How long do you have to pay before the account is overdue?
Days until overdue days
a-2. If you take the full period, how much should you remit? (Omit $ sign in your response.)
Remittance $
b-1. What is the discount being offered?
Discount offered %
b-2. How quickly must you pay to get the discount?
Number of days days
b-3. If you do take the discount, how much should you remit? (Omit $ sign in your response.)
Remittance $
c-1. If you dont take the discount, how much interest are you paying implicitly? (Omit $ sign in your response.)
Implicit interest $
c-2. How many days credit are you receiving?
Days' credit days
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