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You place an order for 480 units of inventory at a unit price of $195. The supplier offers terms of 1/12, net 30. 10 points
You place an order for 480 units of inventory at a unit price of $195. The supplier offers terms of 1/12, net 30. 10 points a-1. How long do you have to pay before the account is overdue? a-2. If you take the full period, how much should you remit? b-1. What is the discount being offered? b-2. How quickly must you pay to get the discount? b-3. If you do take the discount, how much should you remit? C-1. If you don't take the discount, how much interest are you paying implicitly? C-2. How many days' credit are you receiving? Answer is complete but not entirely correct. Days until overdue days 30 93,600 Remittance A Discount offered Number of days days Remittance 12 92,664 18,720 18 Implicit interest Day's credit days
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