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Price Corp. is considering selling to a group of new customers and creating new annual sales of $210,000. 4% will be uncollectible. The collection cost
Price Corp. is considering selling to a group of new customers and creating new annual sales of $210,000. 4% will be uncollectible. The collection cost on all accounts is 5% of new sales, the cost of producing and selling is 82% of sales, and the firm is in the 19% tax bracket. What is the profit on new sales? Multiple Choice $15,309 $16,437 $17,487 $16,596
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