Homework: Homework 7 Question 3, P15-12 (similar to) Part 1 of 5 HW Score: 0%, 0 of 8 points O Points: 0 of 1 Shortening the credit period A firm is contemplating shortening its credit period from 45 to 35 days and believes that, as a result of this change, its average collection period will decins from 50 to 41 days Bad-delt expenses are ex decrease from 1.7% to 0.9% of sales. The firm is currently selling 11,000 units but believes that as a result of the proposat change, as will decline to 9.000 units. The sale price a has a required return on equal-risk investments of 12.8% Evaluate this decision, and make a recommendation to the firm (No Assume a 365-day year) The reduction in profit contribution from a decline in sales is $ (Round to the nearest dollar. Enter as a negative number) Save 343 The Sm