You place an order for 1,100 units of Good X at a unit price of $48. The supplier offers terms of 3/30, net 40. 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.)

Discount is the reduction in the selling price at the time of sale or at the time of receipt of…

Answered: You place an order for 1,100 units of…

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter21: Supply Chains And Working Capital Management

Section: Chapter Questions

Problem 10MC

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You place an order for 1,100 units of Good X at a unit price of $48. The supplier offers terms of 3/30, net 40.

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.)

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