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A firm sells its products on terms of net 30 at $179 each unit. The PV of the production cost is $91 each unit. The
A firm sells its products on terms of net 30 at $179 each unit. The PV of the production cost is $91 each unit. The monthly interest rate is 1.60%, and there are 30 days per month. It is estimated that only 59% of all orders will be eventually collectable. Orders come in 100 units. What is the expected profit per order? pls do not use excel
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