You place an order for 400 units of inventory at a unit price of $125....
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Accounting
You place an order for 400 units of inventory at a unit price of $125. The supplier offers terms of 1/10, net 30. Required:
(a) You have ________days to pay before the account is overdue. If you take the full period, you should remit $____________.
(b) The discount being offered is________ percent.
(C) You must pay within__________ days to get the discount. If you do take the discount, you should remit $_____________.
(D) If you don't take the discount, you are paying $___________ in interest implicitly. You are receiving __________days' credit.
(E) What is the effective ANNUALIZED interest rate you are paying?____________
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