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You place an order for 320 units of inventory at a unit price of $180. The supplier offers terms of 3/15, net 30. a-1 How

You place an order for 320 units of inventory at a unit price of $180. The supplier offers terms of 3/15, net 30.

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?

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?

Remittance $

c-1 If you dont take the discount, how much interest are you paying implicitly?

Implicit interest $

c-2 How many days credit are you receiving?

Days' credit days

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