The Tropeland Company has obtained the following information: The company is considering offering terms of 4/10, net
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The Tropeland Company has obtained the following information:
The company is considering offering terms of 4/10, net 30. It anticipates that 50 percent of its customers will take advantage of the discount. The collection period is expected to decrease by one month. Should the new credit policy be adopted?
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Annual credit sales = $30 million Collection period = 60 days Terms: Net 30 Interest rate = 12%
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