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The Tradition Corporation is considering a change in its cash-only policy. The new terms would be net one period. The required return is 2.4 percent
The Tradition Corporation is considering a change in its cash-only policy. The new terms would be net one period. The required return is 2.4 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 $ 93 ? Cost per unit $ 44 $ 44 Unit sales per 2,675 2,750 month Answer is complete but not entirely correct. Break-even $ 92.87 X price
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