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| Topic: |
Business
|
| Number of pages / Number of words: |
4 / 867 |
Essay's paper body
The firm can borrow and repay |
| | |whenever it wants to as long as it |
| | |does not exceed its credit limit |
| | |(Brealey, Myers and Allen, 2005, |
| | |chapter 31, p.38) |
|Terms of Sales |In this simulation the companies can use the terms of sale refer to the |Terms of sales is not all sales |
| |period for which the credit has granted, the cash discount, and the type of |involve of credit...
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For example, if |
| |credit instrument. The companies that offer a cash discount for prompt |the supplying goods to a wide variety|
| |service payment on accounts, is payment is received within 30 days a 2% |of irregular customers, that may |
| |discount is applied. The terms are referred to as 2/10 net 30...
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