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Category > Business & Finance Posted 29 Jul 2017 My Price 11.00

1. Listed below are some common terms

1. Listed below are some common terms of sale. Can you explain what each means?

a. 2/30, net 60.

b. 2/5, EOM, net 30.

c. COD.

2. Some of the items in Problem 17 involve a cash discount. For each of these, calculate the rate of interest paid by customers who pay on the due date instead of taking the cash discount.

3. Phoenix Lambert currently sells its goods cash-on-delivery. However, the financial manager believes that by offering credit terms of 2/10 net 30 the company can increase sales by 4%, without significant additional costs. If the interest rate is 6% and the profit margin is 5%, would you recommend offering credit? Assume first that all customers take the cash discount. Then assume that they all pay on day 30.

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Status NEW Posted 29 Jul 2017 03:07 PM My Price 11.00

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