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You place an order for 440 units of inventory at a unit price of $105. The supplier offers terms of 1/10, net 90. a-1 How
You place an order for 440 units of inventory at a unit price of $105. The supplier offers terms of 1/10, net 90.
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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