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Firm A is a successful firm and thus the going concern is applied. The credit policy is net 30 days. The price per unit
Firm A is a successful firm and thus the going concern is applied. The credit policy is net 30 days. The price per unit is $50, the variable cost per unit is $30, and the monthly required return is 2%. Calculate the break-even point of the default probability based on accounting numbers. 60% 40% 70% 30% 50%
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