You place an order for 370 units of inventory at a unit price of $140. the supplier offers terms of 3/10, net 90. (do not round intermediate calculations.) 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? (enter your answer as a percent.) 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 ← prev 6 of 7 ▦ nex

How long do you have to pay before the account is overdue?

90 Days.

If you take the full period, how much should you remit?

$51,800

What is the discount being offered?

3%

How quickly must you pay to get the discount?

10 days

If you do take the discount, how much should you remit?

$50,246

If you don’t take the discount, how much interest are you paying implicitly?

3,093%, the annualized interest are 13,92%.

How many days’ credit are you receiving?

90 days

Explanation:

90 Days, this information is where it says, "net 90"

The full amount of the purchases without discount it's $51,800

The discount offered by the supplier it's detailed here 3/10, which means the client has a 3% of discount if it pays between the next 10 days.

The days offered by the supplier it's detailed here 3/10, it means the client has 10 days to obtain the discount if not will have to pay full price.

As it was said before the client had 10 days to obtain 3% of discount, it will have to pay $50,246

The interest implicit is similar to the discount offered, but a little more 3,093%, the annualized interest are 13,92%.

The client has 90 days to pay the invoice, at the 90 days it's when the client has to pay the invoice and put the money.  

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