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Jungle, Inc., currently has an all-cash credit policy. It is considering making a change in the credit policy by going to terms of net 30
Jungle, Inc., 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 .88 percent per month. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Current Policy $ 235 $ 173 1,680 New Policy Price per unit Cost per unit Unit sales per month $ 178 1,735 Break-even price
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