Question
A company is considering a change in its cash only policy. The new terms would be net one period. Based on the following information determine
A company is considering a change in its cash only policy. The new terms would be net one period. Based on the following information determine if the company should proceed or not. The required is 2.5 percent per period.
Current Policy New Policy
Price per unit $73 $75
Cost per unit 3838
Unit sales per month 3,280 3,390
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Contemporary Business Mathematics with Canadian Applications
Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs
10th edition
133052311, 978-0133052312
