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
b-1. Discount rate
b-2. Number of days days
c-1. Implicit interest
c-2. Days’ credit days. Get Finance homework help today
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