5 Problem 7-24 Credit policy decision with changing variables (L07-4) 10 point Dome Metals has credit sales of $252,000 yearly with credit terms of net 60 durchto the werage collection period a. Assume the firm offers a 3 percent discount for payment in 10 days and every advantage of the discount. Also assume the firm uses the cash generated from its reduced receivables to reduction which cost 11 percent. What will the net gain or loss be to the firm if this discount is offered? (Use a 360-day year:) References Nat change in income b. Should the firm offer the discount? Yes No