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betterway betterway
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7 years ago
When a firm initiates or increases a cash discount, the net effect on the accounts receivable investment is difficult to determine because the nondiscount takers paying earlier will reduce the accounts receivable investment, while the new customer accounts will increase this investment.
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Principles of Managerial Finance

Principles of Managerial Finance


Edition: 14th
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alovelyalovely
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"It is better to fail in originality than to succeed in imitation."

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betterway Author
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7 years ago
Thank you
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