Question: 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? Days until overdue days
a-2 If you take the full period, how much should you remit? Remittance $
b-1 What is the discount being offered? Discount offered %
b-2 How quickly must you pay to get the discount? Number of days days
b-3 If you do take the discount, how much should you remit? Remittance $
c-1 If you don't take the discount, how much interest are you paying implicitly? Implicit interest $
c-2 How many days' credit are you receiving? Days' credit days