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Fitzgerald, Incorporated, currently has an all-cash credit policy. It is considering making a change in the credit policy by going to terms of net 30
Fitzgerald, Incorporated, currently has an all-cash credit policy. It is considering making a change in the credit policy by going to terms of net 30 days. Based on the following information, what is the break-even price per unit under the new credit policy? The required return is .9 percent per month. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
Current Policy | New Policy | |
---|---|---|
Price per unit | $ 245 | ? |
Cost per unit | $ 179 | $ 184 |
Unit sales per month | 1,740 | 1,790 |
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