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Category > Business & Finance Posted 13 Jul 2017 My Price 12.00

The Tropeland Company has obtained the following information:

The Tropeland Company has obtained the following information:

Annual credit sales = $30 million

Collection period = 60 days

Terms: Net 30

Interest rate = 12%

The company is considering offering terms of 4/10, net 30. It anticipates that 50 percent of its customers will take advantage of the discount. The collection period is expected to decrease by one month. Should the new credit policy be adopted?

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Status NEW Posted 13 Jul 2017 05:07 PM My Price 12.00

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