23 Jul WHAT IS THE INCREMENTAL CASH INFLOW FROM THE PROPOSED CREDIT POLICY SWITCH?
12. A supplier grants your firm credit terms of 3/10 net 50. What is the effective annual rat Show more bv]]] 12. A supplier grants your firm credit terms of 3/10 net 50. What is the effective annual rate of the discount if the firm purchases $1000 worth of merchandise? 29.04 percent 32.04 percent 35.04 percent 34.74 percent 27.54 percent 13. Cape May Products currently sells 90 units a month at a price of $222 a unit. The firm believes it can increase its sales by an additional 22 units if it switches to a net 30 credit policy. The monthly interest rate is .4 percent and the variable cost per unit is $152. What is the incremental cash inflow from the proposed credit policy switch? $3780 $1540 $2156 $6300 $7840 14. Preston Milled products currently sells a product with a variable cost per unit of $23.25 and a unit selling price of $41.25. At the present time the firm only sells on a cash basis with monthly sales of 390 units. The monthly interest rate is 1.1 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. 407 units 403 units 405 units 404 units 400 units Show less
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