The snedecker corporation is considering a change in its


The Snedecker Corporation is considering a change in its cash-only policy. The new terms would be net one period. The required return is 2 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 $ 88 ? Cost per unit $ 48 $ 48 Unit sales per month 4,700 4,900 Break-even price $ 87.13.

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Financial Management: The snedecker corporation is considering a change in its
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