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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 | New Policy | |||||
Price per unit | $ | 86 | ? | |||
Cost per unit | $ | 46 | $ | 46 | ||
Unit sales per month | 4,400 | 4,700 | ||||
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