When a firm sells its commercial paper at a ____ price than projected, its cost of raising funds will be ____ than what it initially anticipated
a. higher; higher
b. lower; lower
c. higher; lower
d. lower; higher
e. Answers C and D are correct.
a
Business
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A debit memorandum increases which account on the buyer's books?
A) Accounts Payable B) Purchases Returns and Allowances C) Sales Discount D) Accounts Receivable
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