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9. The CBA Corporation is considering a new credit policy. The current policy is cash only. The new policy would involve extending credit of 'Net

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9. The CBA Corporation is considering a new credit policy. The current policy is cash only. The new policy would involve extending credit of 'Net 30'. Based on the following information, determine if a switch in credit policy is advisable. The interest rate is 3 percent per month: Price per unit Cost per unit Sales per month units Current Policy RM200 RM150 1500 units New Policy RM200 RM150 1700

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