How long do you have to pay before the account is overdue

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Reference no: EM132036155

Question: You place an order for 750 units of Good X at a unit price of $51. The supplier offers terms of 1/15, net 35.(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 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? (Round your answer to 2 decimal places (e.g., 32.16).) Remittance $

Requirement 3: (a) If you don't take the discount, how much interest are you paying implicitly? (Round your answer to 2 decimal places (e.g., 32.16).) Implicit interest $

(b) How many days' credit are you receiving? Days' credit days

Reference no: EM132036155

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