You place an order for 470 units of inventory at a unit price of $175. The supplier offers terms of 2/15, net 90.

a-1 How long do you have to pay before the account is overdue? Days until overdue 90 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 2.00 %

b-2 How quickly must you pay to get the discount? Number of days 15 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 $ 1645

c-2 How many days credit are you receiving? Days' credit 75 days