Credit Policy Evaluation Happy Times currently has an all-cash credit policy. It is considering making a change

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Credit Policy Evaluation Happy Times currently has an all-cash credit policy. It is considering making a change in the credit policy by going to terms of net 30 days.

Based on the following information, what do you recommend? The required return is .95 percent per month.

Current Policy New Policy Price per unit $295 $302 Cost per unit $230 $234 Unit sales per month 1,105 1,125

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Corporate Finance With Connect Access Card

ISBN: 978-1259672484

10th Edition

Authors: Stephen Ross ,Randolph Westerfield ,Jeffrey Jaffe

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Question Posted: Jul 10, 2024 10:02 AM

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Credit Policy Evaluation Happy Times currently has an all-cash credit policy. It is considering making a change

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Corporate Finance With Connect Access Card

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