How quickly must you pay to get the discount

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Reference no: EM13972277

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. (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 a 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? Remittance $ Requirement 3: (a) If you don’t take the discount, how much interest are you paying implicitly? Implicit interest $ (b) How many days’ credit are you receiving? Days’ credit days

Reference no: EM13972277

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How quickly must you pay to get the discount : 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. (Enter your answer as directed, but do not round intermediate calculations.) Requirement 1: (a) How long do you have to pay before the acc..

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