Question: SHOW YOUR COMPLETE SOLUTION AND WRITE YOUR SOLUTION ON A PAPER. Problem 6: Stevens Company presents the following information: Current annual credit sales: P24.000.000 Collection

SHOW YOUR COMPLETE SOLUTION AND WRITE YOUR SOLUTION ON A PAPER. Problem 6: Stevens Company presents the following information: Current annual credit sales: P24.000.000 Collection period: 3 months Terms: net/30 Rate of return: 18% The company is considering offering a 4/10. nev/30 discount. It anticipates that 30 percent of its customers will take advantage of the discount. The collection period is expected to decrease to 2 months. Required: Should the discount policy be implemented

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