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Author Question: Ferrari offers the 360 Spider for 160,724 cash. Ferrari also advertises a purchase plan with 4.5 APR ... (Read 110 times)

Cooldude101

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on: Jul 10, 2018
Ferrari offers the 360 Spider for 160,724 cash. Ferrari also advertises a purchase plan with 4.5 APR financing and 48 end-of-month payments of 3,862. Which is the better deal?
 
  A) Cash
  B) Purchase plan
  C) The two offers are equivalent

Question 2

A firm's credit and collection policies usually include
 
  A) average collection period, dollar value of aged receivables, and terms of sale.
  B) terms of sale, quality of customers, and collection of credit sales.
  C) terms of sale, level of credit sales, and collection of credit sales.
  D) terms of sale and collection of credit sales.


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nickk12214

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Reply #1 on: Jul 10, 2018
Answer to Question 1

A

Answer to Question 2

B


Cooldude101

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Reply #2 on: Jul 10, 2018
Thank you :)


nickk12214

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Reply #3 on: Jul 10, 2018
Happy to help you


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