FIN 571 TUTOR Let's Do This /fin571tutor.com FIN 571 TUTOR Let's Do This /fin571tutor.com | Page 63

Why are interest rates on short-term loans not necessarily
comparable to each other? Give three possible reasons.
======================================
=========
FIN 571 Week 3 DQ 2
FOR MORE CLASSES VISIT
www.fin571tutor.com
Optical Supply Company offers credit terms of 2/10, net 60. If
Optical Supply is considering a change in its credit terms to one
of those indicated, explain whether the change should increase
or decrease sales. (a) 2/10, net 30, (b) net 60, (c) 3/15, net 60, (d)
2/10, net 30, 30 extra
======================================
=========