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Hi, I need help with my Managerial Finance assignment please. . . Price Corp. is considering selling to a group of new customers and creating
Hi, I need help with my Managerial Finance assignment please. . .
Price Corp. is considering selling to a group of new customers and creating new annual sales of $490,000, 3% will be uncollectible. The collection cost on these accounts is 6% of new sales, the cost of producing and selling is 80% of sales and the firm is in the 26% tax bracket, what is the profit on new sales? $49,886 $39,886 $392,000 $29,966 Modos Company has deposited $4,160 in checks received from customers. It has written $1,520 in checks to its suppliers. The initial bank and book balance was $420. If $3,480 of its customer's checks have cleared but only $440 of its own, calculate its float. $1,120 $400 $500 $550
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