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pay until 80 days after the sale. At present the company has a partly used loan facility costing 13% per annum. If the plan goes
pay until 80 days after the sale. At present the company has a partly used loan facility costing 13% per annum. If the plan goes ahead, bad debts will be reduced to $10,000 per annum and there will be savings in credit administration expenses of $6,000 per annum. Should Williams Wholesalers Led offer the new credit terms to customers? Support your answer with any calculations and explanations you consider necessary
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