5. Nickel Industries wishes to purchase merchandise from your company on account. The amount of the purchases would probably be about
$11,000 per month, and the terms would require Nickel to make payment in full within 30 days. Would you recommend that your company grant
credit to Nickel under these terms? Explain the reasoning for your response.
Answer 1. Total assets = $325,000 + 180,000 + 600,000 + 30,000 = $1,135,000
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