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Youth Bouncebeds Inc. has been selling trampoline beds for 'active' children for many years. it is currently studying a proposal to tighten credit policy in
Youth Bouncebeds Inc. has been selling trampoline beds for 'active' children for many years. it is currently studying a proposal to tighten credit policy in an attempt to reduce its bad debt expense ratio, now percent to percent. Sales are estimated to decline by percent. The cost of sales is percent of the selling price. Should the company adopt this new credit policy?
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