Suppose GM France sells goods worth $2 million monthly to GM Denmark on 60 day credit terms.
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Suppose GM France sells goods worth $2 million monthly to GM Denmark on 60 day credit terms. A switch in credit terms to 90 days will involve a one time shift of how much money between the two affiliates?
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Under the old 60day terms GM France is carrying two months ...View the full answer
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Related Book For
Foundations Of Multinational Financial Management
ISBN: 9780470128954
6th Edition
Authors: Alan C Shapiro, Atulya Sarin
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