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? 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