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You place an order for 460 units of inventory at a unit price of S155. The supplier offers terms of 1/15, net 60. How long
You place an order for 460 units of inventory at a unit price of S155. The supplier offers terms of 1/15, net 60. How long do you have to pay before the account is overdue? Days until overdue days If you take the full period, how much should you remit? Remittance $ What is the discount being offered? Discount offered % How quickly must you pay to get the discount? Number of days days If you do take the discount, how much should you remit? Remittance $ If you don't take the discount, how much interest are you paying implicitly? Implicit interest $ How many days' credit are you receiving? Days' credit days
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