Supplier Offers Terms Assignment

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    Supplier Offers Terms Assignment

    You place an order for 1,500 units of Good X at a unit price of $52. The supplier offers terms of 1/25, net 40. 4 a-1. How long do you have to pay before the account is overdue? a-2. If you take the full period, how much should you remit? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) b-1. What is the discount being offered? (Enter your answer as a percent.) b-2. How quickly must you pay to get the discount? b-3. If you do take the discount, how much should you remit? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g. 32.) c-1. If you don’t take the discount, how much interest are

    You place an order for 1,500 units of Good X at a unit price of $52. The supplier offers terms of 1/25, net 40. 4
    a-1. How long do you have to pay before the account is overdue?
    a-2. If you take the full period, how much should you remit? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
    b-1. What is the discount being offered? (Enter your answer as a percent.)
    b-2. How quickly must you pay to get the discount?
    b-3. If you do take the discount, how much should you remit? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g. 32.)
    c-1. If you don’t take the discount, how much interest are you paying implicitly? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
    c-2. How many days’ credit are you receiving? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
    a-1. Number of days days
    a-2. Remittance
    b-1. Discount rate
    b-2. Number of days days
    b-3. Remittance
    c-1. Implicit interest
    c-2. Days’ credit days. Get Finance homework help today