Figure 24-3 
-Refer to Figure 24-3. Which of the points in the above graph are possible long-run equilibria?
Definitions:
Accrued Interest
The interest that has accumulated on a debt over a period of time but has not yet been paid.
Promissory Note
A financial instrument containing a written promise by one party to pay another party a definite sum of money either on demand or at a specified future date.
Net Credit Sales
The total value of sales made on credit minus any returns or allowances.
Allowance for Doubtful Accounts
A balance sheet account representing the estimated percentage of accounts receivable that may not be collected.
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