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Price Corp. is considering selling to a group of new customers and creating new annual sales of $70,000. 5% will be uncollectible. The collection cost

Price Corp. is considering selling to a group of new customers and creating new annual sales of $70,000. 5% will be uncollectible. The collection cost on these accounts is 3.5%, the cost of producing and selling is 80% of sales and the firm is in the 31% tax bracket. What is the profit on new sales? Multiple Choice A.developed countries using cash payments and developing countries using electronic payments. B.Canadian companies uses cash payments more than United States Companies. C. the preference of Russian companies to use cash and United States Companies to use electronic payments. D. transaction costs are ignored when determining what cash management system to use.

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