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As Treasurer of World Clinic SA, Mr. Papadopoulos is concerned about ratio of bad debts of the company, which has risen to 6%. He believes
As Treasurer of World Clinic SA, Mr. Papadopoulos is concerned about ratio of bad debts of the company, which has risen to 6%. He believes that with her Imposition of a stricter credit policy would reduce sales by 4% and the company's doubtful receivables ratio would be reduced to 4%. If the cost of of products sold is equal to 80% of the sale price, it is right to impose Mr. Papadopoulos his restrictive policy?
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