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Your business currently only accepts cash-only transactions. You are considering making a change by going to terms of net 30 days. With the following
Your business currently only accepts cash-only transactions. You are considering making a change by going to terms of net 30 days. With the following information, should you change your credit policy? Required return per month is 1.05 percent. Current Policy New Policy Price per unit $ 13,150 $13,550 Cost per unit $10,500 $10,500 Unit sales per month 2,750 3,000
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