=+b. In addition to the conditions in part a, the bank recognizes that 8% of credit sales

Question:

=+b. In addition to the conditions in part

a, the bank recognizes that 8% of credit sales will be lost to returns and allowances. Also the bank will lend only 85% of the acceptable collateral (after adjusting for returns and allowances). What level of funds would be made available through this lending source?

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