Question
You place an order for 520 units of inventory at a unit price of $120. The supplier offers terms of 2/10, net 90. (Do not
You place an order for 520 units of inventory at a unit price of $120. The supplier offers terms of 2/10, net 90. (Do not round intermediate calculations.) 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? (Enter your answer as a percent.) 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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