Question: 1.1 Advise MeMe Ltd. whether or not the entity should amend its credit policy. Support your answer by demonstrating the effect on net profit. Round

1.1 Advise MeMe Ltd. whether or not the entity should amend its credit policy. Support your answer by demonstrating the effect on net profit. Round to two decimal places where applicable.

1.2 Calculate the opportunity cost relating to the discount should MeMe Ltd. amend the entitys credit policy. Express the opportunity cost as an annually compounding percentage. Round to two decimal places where applicable.

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