You place an order for 2,100 units of Good X at a unit price of $58. The supplier offers terms of 1/30, net 35. 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 a-2. Remittance b-1. Discount rate % b-2. Number of days days b-3. Remittance c-1. Implicit interest c-2. Days' credit days
You place an order for 2,100 units of Good X at a unit price of $58. The supplier offers terms of 1/30, net 35. 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 a-2. Remittance b-1. Discount rate % b-2. Number of days days b-3. Remittance c-1. Implicit interest c-2. Days' credit days
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
![You place an order for 2,100 units of Good X at a unit price of $58. The supplier offers
terms of 1/30, net 35.
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
a-2. Remittance
b-1. Discount rate
%
b-2. Number of days
days
b-3. Remittance
c-1. Implicit interest
c-2. Days' credit
days
Mc
Graw
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f3
下 Sy
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83
64
Oly](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4fc0b6f3-0ff8-4194-9057-0e548ce4bf79%2F5015bf8a-51ce-42d7-a0e8-a9e2000ddee2%2Fqv8sj4_processed.jpeg&w=3840&q=75)
Transcribed Image Text:You place an order for 2,100 units of Good X at a unit price of $58. The supplier offers
terms of 1/30, net 35.
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
a-2. Remittance
b-1. Discount rate
%
b-2. Number of days
days
b-3. Remittance
c-1. Implicit interest
c-2. Days' credit
days
Mc
Graw
< Prev
21 of 22
Next >
Type here to search
a.
f3
下 Sy
91
83
64
Oly
![](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4fc0b6f3-0ff8-4194-9057-0e548ce4bf79%2F5015bf8a-51ce-42d7-a0e8-a9e2000ddee2%2F3wsro6l.jpeg&w=3840&q=75)
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