Question
Balboa Enterprises currently sells 13,650 units a month for total monthly sales of $272,863,50. The company is considering replacing its current cash only credit
Balboa Enterprises currently sells 13,650 units a month for total monthly sales of $272,863,50. The company is considering replacing its current cash only credit policy with a net 30 policy. The variable cost per unit is $11.30 and the monthly interest rate is 1 percent. What is the switch break-even level of sales?
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Using Financial Accounting Information The Alternative to Debits and Credits
Authors: Gary A. Porter, Curtis L. Norton
7th Edition
978-0-538-4527, 0-538-45274-9, 978-1133161646
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