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Giant Company is considering selling to a group of new customers and creating new annual...

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Accounting

Giant Company is considering selling to a group of new customers and creating new annual sales of $100,000. 9% will be uncollectible. The collection cost on these accounts is 7% of new sales, the cost of producing and selling is 80% of sales, and the company is in the 30% tax bracket. What is the profit on new sales?

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