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Elementary,Middle School,High School,College,University,PHD
Teaching Since: | Apr 2017 |
Last Sign in: | 325 Weeks Ago, 6 Days Ago |
Questions Answered: | 3232 |
Tutorials Posted: | 3232 |
MBA,MCS,M.phil
Devry University
Jan-2008 - Jan-2011
MBA,MCS,M.Phil
Devry University
Feb-2000 - Jan-2004
Regional Manager
Abercrombie & Fitch.
Mar-2005 - Nov-2010
Regional Manager
Abercrombie & Fitch.
Jan-2005 - Jan-2008
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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