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    Business
  3. Study Set
    Introduction to Business
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    Exam 8: Finance: Acquiring and Using Funds to Maximize Value
  5. Question
    A Firm That Extends Credit for Only 30 Days Is
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A Firm That Extends Credit for Only 30 Days Is

Question 15

Question 15

True/False

A firm that extends credit for only 30 days is likely to receive its payments faster than a firm that allows customers 60 or 90 days, but such a policy is likely to cause a loss of sales.

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