2. Upon reflection, Jefferson Knu Monroe Company has estimated that the following pattern of bad-debt losses will
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2. Upon reflection, Jefferson Knu Monroe Company has estimated that the following pattern of bad-debt losses will prevail if it initiates more liberal credit terms:
Increase in sales Credit ~olicv 1A B C D Bad-debt losses on incremental sales 1 3% 6% 10% 15%
Given the other assumptions in Problem 1, which credit policy should be pursued?
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