Question
Study the information given below and calculate the after-tax profit on the new sales. (5 marks) INFORMATION The owner of Zenju Traders is considering selling
Study the information given below and calculate the after-tax profit on the new sales. (5 marks)
INFORMATION
The owner of Zenju Traders is considering selling on credit to customers in a new market. Sales from these customers are expected to amount to R300 000. However, 20% of the sales are expected to be uncollectible. Additional collection costs are estimated to be 8% of sales. Production and selling costs are expected to amount to 65% of sales. The firm is in the 30% tax bracket.
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Recent Advances In Computational Finance
Authors: Nikolaos S. Thomaidis, Jr. Dash, Gordon H.
1st Edition
1626181233, 978-1626181236
