Why do firms grant free credit? Would it be more efficient if all sales were for cash
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Why do firms grant “free” credit? Would it be more efficient if all sales were for cash and late payers were charged interest?
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If the alternative is to literally pay cash on delivery it is clearl...View the full answer
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Anirban Dey
After masters in physics, I did research for several years, my field of interest lies mainly in the area of quantum mechanics in a broader perspective. Spending several years in research helped me to write scientific papers and also encouraged me to understand about developing and going deeper for a certain topic and subject. In those days I also gave tuition to high school students of grade 11-12 and also to undergraduate students in physics and mathematics, teaching was fun as well as a responsible job which I enjoyed a lot. I tried my level best to ensure the best way to make students understand certain topic from basic to more complex situation with both mathematical and theoretical arguments which on the other hand helped me to clarify my visionary of each topic I taught them.
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Related Book For
Principles of Corporate Finance
ISBN: 978-0072869460
7th edition
Authors: Richard A. Brealey, Stewart C. Myers
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