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(Solution) - Look back at Section 30 2 Cast Iron s costs have increased

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Look back at Section 30-2. Cast Iron?s costs have increased from $1,000 to $1,050. Assuming there is no possibility of repeat orders, answer the following:
a. When should Cast Iron grant or refuse credit?
b. If it costs $12 to determine whether a customer has been a prompt or slow payer in the past, when should Cast Iron undertake such a check?


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This question was answered on: Jul 11, 2017

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