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    Fundamentals Of Corporate Finance Study Set 21
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    Exam 20: Credit and Inventory Management
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    Assume the Customer Will Either Pay in 30 Days or Will
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Assume the Customer Will Either Pay in 30 Days or Will

Question 101

Question 101

Multiple Choice

  Assume the customer will either pay in 30 days or will default. What is the cost of switching the credit policy? A)  $4,320 B)  $5,000 C)  $5,333 D)  $5,760 E)  $6,000 Assume the customer will either pay in 30 days or will default.
What is the cost of switching the credit policy?


A) $4,320
B) $5,000
C) $5,333
D) $5,760
E) $6,000

Correct Answer:

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