Describe the marginal costs and benefits associated with each of the following changes in a firms credit
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Describe the marginal costs and benefits associated with each of the following changes in a firm’s credit and collection policies: L01
a. Increasing the credit period from 7 to 30 days
b. Increasing the cash discount from 1 to 2 percent
c. Offering a seasonal dating credit plan
d. Increasing collection expenditures (and effort)
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