ENT is based in E-land where the currency is the E$. ENT has plans to offer a

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ENT is based in E-land where the currency is the E$. ENT has plans to offer a 2% early settlement discount for immediate payment, 14 days before payment is normally due. The company believes that half of its customers will claim the early settlement discount. ENT relies on an overdraft with an interest rate of 12% and has credit sales of E$667,000. What is the net impact on ENT of the 2% settlement discount? Solution A.ENT is better off by E$3,600. B.ENT is worse off by E$3,600. C.ENT is better off by E$5,135. D.ENT is worse off by E$5,135

Posted Date: May 19, 2024 03:00 AM

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ENT is based in E-land where the currency is the E$. ENT has plans to offer a

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