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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 2 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 2 percent per period. Based on the following information, what is the break-even price per unit that should be charged under the new credit policy? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Current Policy $ 80 $ 40 New Policy ? $ 40 Price per unit Cost per unit Unit sales per month 3,500 3,700 Break-even price
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