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Category > Business & Finance Posted 05 May 2017 My Price 6.00

You place an order for You place an order for

You place an order for 2,800 units of Good X at a unit price of $65. The supplier offers terms of 2/10, net 50. (Enter your answer as directed, but do not round intermediate calculations.)
Requirement 1:
(a) How long do you have to pay before the account is overdue?
   
  Number of days days
   
(b) If you take the full period, how much should you remit?
   
  Remittance $   
Requirement 2:
(a) What is the discount being offered? (Enter your answer as a percentage.)
   
  Discount rate %  
   
(b) How quickly must you pay to get the discount?
   
  Number of days days
(c) If you do take the discount, how much should you remit?
  Remittance $   
 
Requirement 3:
(a)

If you donAc€?ct take the discount, how much interest are you paying implicitly?
   
  Implicit interest $   
   
(b) How many daysAc€?c credit are you receiving?
   
  DaysAc€?c credit days

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Homework Helper
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Status NEW Posted 05 May 2017 11:05 AM My Price 6.00

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