Table 15.5 eren's Canoes is considering relaxing its credit standards to encourage more sales. As a result, i period is expected to increase to 50 days from 40 days and bad debts are sales are expected eed to increase 10 percent from 300 canoes per year to 330 canoes per year. The current I percent level. The price per canoc is $850, the variable cost per average cost per unit at the 300 unit level is $750. The firm's required expected to double the canoe is $700 and the retura on investment is 20 percent. (Assume a 360-day year) relaxation of )What is the firm's additional profit contribution from sales under the b) 'what sthe fma level of accgnds receivable befove the selting price). credit standards? (Sce Table 13.5) relaxing the credit standards ? (NOTE ; Fer thisurpose-ano What is the cost of marginal investments in accounts receivable under the proposed plan? See Table 15.5) [ses NOTE o C)aoveJ d) What is the cost of marginal bad debts under the proposed plan? (See Tahle 15.5) e What is the net result of implementing the proposed plan? (Sce Table 15.5) CThotis, sunaviea menetefeesof,()and (d) &bove. if yov de not have all vke Ayures explain i briufly it words) Lat