Last year Pastis Productions reported 100 000 in sales and
Last year, Pastis Productions reported $ 100,000 in sales and $ 40,000 in cost of goods sold. The company estimates it would have doubled its sales and cost of goods sold had it allowed customers to buy on credit, but it also would have incurred $ 50,000 in additional expenses relating to wages, bad debts, and interest. Should Pastis Productions extend credit?
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