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Happy Times currently has an all-cash credit policy. It is considering making a change in the...

Happy Times currently has an all-cash credit policy. It is considering making a change in the credit policy by going to terms of net 30 days. Based on the following information, what do you recommend? The required return is .3 percent per month.

Current Policy

New Policy

Price per unit

$       380

$400

Cost per unit

$      260

$ 250

Unit sales per month

2550

2700

0 0
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