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Price Corp. is considering selling to a group of new customers and creating new annual sales of $120,000. 4% will be uncollectible. The collection cost
Price Corp. is considering selling to a group of new customers and creating new annual sales of $120,000. 4% will be uncollectible. The collection cost on all accounts is 4% of new sales, the cost of producing and selling is 83% of sales, and the firm is in the 20% tax bracket. What is the profit on new sales?
$9,768 | ||
$8,640 | ||
$9,927 | ||
$10,818 |
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