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Explain.Note in each case whether interest is required. If the raw material supplier has different terms for credit than cash sales (higher price or lower quality of goods supplied) this should be considered 
as a kind of hidden interest payment. Similarly, if a buyer demands a lower sales price in exchange for cash advances, this should also be considered as a kind of hidden interest. 
3. Based on the data from question 2 above, can any calculations be made of credit costs per annum for the enterprise.

H. PROFIT
1. Based on all the asterisked questions above make a rough calculation of enterprise profits per fortnight/month/annum. (total volume of sales minus costs of raw materials, labor, depreciation and credit.)


I HISTORY
when began