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ABC Associates have the opportunity to make a one-time sale if it will give a new customer 45 days to pay. It suspects that there

ABC Associates have the opportunity to make a one-time sale if it will give a new customer 45 days to pay. It suspects that there is a 47 percent chance this person will never pay the company. The sales price of the item the customer wants to buy is $444. The variable cost on that item is $207 and monthly interest rate is 1.5 percent. Should the credit be granted to this customer? Why or why not

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