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Category > Business & Finance Posted 11 May 2017 My Price 7.00

You place an order for 290 units of inventory at a unit price of $110. The supplier offers terms of 2/10, net 30

You place an order for 290 units of inventory at a unit price of $110. The supplier offers terms of 2/10, net 30.

   

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 donAc€?ct take the discount, how much interest are you paying implicitly?

  

  Implicit interest $   

   

c-2

How many daysAc€?c credit are you receiving?
  Days' credit   days

Answers

Homework Helper
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Status NEW Posted 11 May 2017 02:05 PM My Price 7.00

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