Preston Milled products currently sells a product with a variable cost per unit of $16 and a
Fantastic news! We've Found the answer you've been seeking!
Question:
Preston Milled products currently sells a product with a variable cost per unit of $16 and a unit selling price of $41. At the present time, the firm only sells on a cash basis with monthly sales of 400 units. The monthly interest rate is 1.2 percent. What is the switch break-even point if the firm switched to a net 30 credit policy? Assume the selling price per unit and the variable costs per unit remain constant
Related Book For
Posted Date: