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The Snedecker Corporation is considering a change in its cash-only policy. The new terms would be net one period. The required return is 1.6 percent
The Snedecker Corporation is considering a change in its cash-only policy. The new terms would be net one period. The required return is 1.6 percent per period.
Current Policy | New Policy | |||||
Price per unit | $ | 83 | $ | 85 | ||
Cost per unit | $ | 43 | $ | 43 | ||
Unit sales per month | 3,950 | ? | ||||
What is the break-even quantity for the new credit policy? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
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