Assume atlantic fish sells 3,200 pounds of fish per month at a price of $2. 90 a pound. The variable cost per pound is $2. 22. Currently, the firm has a cash-only sales policy. The firm is considering changing to a net 30 credit policy. The monthly required return is 1. 2 percent. What does the new level of sales need to be to break-even on the switch?.
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Assume atlantic fish sells 3,200 pounds of fish per month at a price of $2. 90 a pound. The variable...
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