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Juno, Inc. sells 50 units a month at a price of $1,250 under a cash only credit policy. If the firm implements a net 30-day
Juno, Inc. sells 50 units a month at a price of $1,250 under a cash only credit policy. If the firm implements a net 30-day policy, sales are expected to increase by 10%. The variable cost per unit is $750 and the monthly required rate of return is 2%. What is the cost of switching credit policies? $66,250 $65,500 $63,375 $62,500 ou
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