gungeng88
Apr 9, 2011, 07:53 AM
100,000 per year~~~~
45 days average collection period~~~
25% increase in sales~~~
20% increase in average collection period~~
bad debts change from 2% to 1%~~
variable cost is 40%
firm equal risk opportunity cost on its investment in acc receivable is 20%~~
what is the additional rofit contribution??
45 days average collection period~~~
25% increase in sales~~~
20% increase in average collection period~~
bad debts change from 2% to 1%~~
variable cost is 40%
firm equal risk opportunity cost on its investment in acc receivable is 20%~~
what is the additional rofit contribution??