You place an order for 320 units of inventory at a unit price of $180....
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Accounting
You place an order for 320 units of inventory at a unit price of $180. The supplier offers terms of 3/15, net 30.
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?
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?
c-1 If you dont take the discount, how much interest are you paying implicitly? c-2 How many days credit are you receiving?
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