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    newbrat2's Avatar
    newbrat2 Posts: 8, Reputation: 1
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    #1

    Apr 26, 2009, 11:31 PM
    Bad debt ratio
    As treasurer of the Universal Bed Corporation, Aristotle Procrustes is worried about his bad debt ratio, which is currently running at 6 percent. He believes that imposing a more stringent credit policy might reduce sales by 5 percent and reduce the bad debt ratio to 4 percent. If the cost of goods sold is 80 percent of the selling price, should Mr. Procrustes adopt the more stringent policy?
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #2

    Apr 28, 2009, 12:41 AM

    Ditto:

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