You place an order for 540 units of inventory at a unit, Ask an Expert

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You place an order for 540 units of inventory at a unit price of $170. The supplier offers terms of 2/15, net 60.

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 don’t 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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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91608468

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