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Category > Business & Finance Posted 05 Aug 2017 My Price 5.00

Phoenix Lambert currently

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 percent, without significant additional costs. If the interest rate is 6 percent and the profit margin is 5 percent, 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 05 Aug 2017 05:08 PM My Price 5.00

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