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Homework answers / question archive / Credit Policy Evaluation Royal, Inc
Credit Policy Evaluation Royal, Inc., is considering a change in its cash-only sales olicy. The new terms of sale would be net one month. Based on the following information, determine if the company should proceed or not. Describe the buildup of receivables in this case. The required return is .95 percent per month.
Current Policy New Policy Price per unit $680 $680 Cost per unit $455 $455 Unit sales per month 1,070 1,120
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