None sYou place an order for 390 units of inventory at a unit price of $180. The supplier offersterms of 3/15, net 60.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 intermediatecalculations and round your answer to the nearest whole number, e.g., 32.)b-1. What is the discount being offered?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 roundintermediate 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 notround intermediate calculations and round your answer to the nearest wholenumber, e.g., 32.)c-2. How many days' credit are you receiving? (Do not round intermediate calculationsand round your answer to the nearest whole number, e.g., 32.)a-1. Days until overduea-2. Remittancedaysb-1. Discount offered%b-2. Number of daysdaysb-3. Remittancec-1. Implicit interestc-2. Days' creditdays

The presented example involves analysing a purchase order for 390 units priced at $180 apiece, with…

Answered: s You place an order for 390 units of…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter6: Merchandising Transactions

Section: Chapter Questions

Problem 13Q: If a customer purchased merchandise in the amount of $340, terms 3/10, n/30, returned $70 of the...

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You place an order for 470 units of inventory at a unit price of $175. The supplier offers terms of 2/15, net 90. 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? 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. Days until overdue a-2. Remittance b-1. Discount offered b-2.…
16) Can i get help with this question please
Please see imagine for question
You place an order terms of 2/25, net 45. 000 units of Good X at a unit price of $47. The supplier offers 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.)
3. Fill in all of the blanks
You place and order for 100 units of inventory at a unit price of P 50.00. The supplier offers terms of 3/30, net 90. How long do you have to pay before the account is overdue? If you take the full period, how much should you remit? How much is the discount offered? How quickly must you pay to get the discount? If you take the discount, how much should you remit? If you don’t take the discount, how much interests are you paying implicitly? How many days’ credit are you receiving?
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. How long do you have to pay before the account is overdue? If you take the full period, how much should you remit. What is the discount being offered? how quickly must you pay to get the discount? If you do take the discount, how much should you remit? if you don't take the discount, how much interest are you paying implicitly? How many day's credit are you receiving?
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. How many days’ credit are you receiving? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
A4)
A supplier hands you an invoice for $47,000 with the terms 4/20, net 180. a. ) What is the effective annual cost (expressed as an APR) if you forgo the discount and pay after 180 days?b. )What is the effective annual cost (expressed as an APR) if you pay after 200 days?
An invoice for $589 is dated June 19, discount 4/20. Shipping charges are FOB shipping point for the cost of $23.75. If the buyer does not want to avail of the discount, when is the last day that he can pay? Group of answer choices July 29 August 26 June 9 June 27
For questions 25-27, your answer will be add on bank side, subtract on bank side, 21. A company sells $23,980 of inventory to a customer on account. The terms are 2/10, n30. If the customer pays in 10 days, write the entry to record receipt of the payment.

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