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Unformatted text preview: Calculate the cost of forgoing the discount when discount terms are offered. Explain why the discount should generally be taken and provide explanations as to why surveys find a surprisingly high percent of payers not taking the discount. Describe a typical collection policy. The cost and benefits from changing credit terms, making credit standards higher, making collection policy more rigorous....
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This note was uploaded on 04/05/2011 for the course FIN 320 taught by Professor Yatin during the Winter '07 term at Grand Valley State.
- Winter '07