You place an order for 1600 units of good x at a unit price, Ask an Expert

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You place an order for 1,600 units of Good X at a unit price of $53. The supplier offers terms of 2/30, net 50.

Requirement 1:

(a)How long do you have to pay before the account is overdue?

(b)If you take the full period, how much should you remit?

Requirement 2:

(a)What is the discount being offered?
(b)How quickly must you pay to get the discount?
(c)If you do take the discount, how much should you remit?

Requirement 3:

(a)If you don't take the discount, how much interest are you paying implicitly?
(b)How many days' credit are you receiving?

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M9869403

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