Explain how you will apply static check-dynamic check

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Imagine that Tommy Corp is a client of bobs furniture. Currently Tommy Corp has a credit limit of$12,500 and open delivery, open billing and receivables amounts on their account are $2000, $2000 and $6000. Currently there is an open order for $1000 that is going to be delivered on 12/1. Say, on 10/1, Tommy Corp places a sales order for 2000 cans of soup at $1.00 per can for delivery on 12/15. Explain how you will apply a static check and a dynamic check to this new order on 10/1 and what will be the result in each case. Assume a credit horizon of 60 days.

Reference no: EM132308333

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