Parker tooling ltd is considering lengthening its credit period from 30 to 60 days. The...
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Parker tooling ltd is considering lengthening its credit period from 30 to 60 days. The firm has annual sales of R450 000 and has variable costs of 20% on sales. The change in credit terms is expected to increase sales to R510 000. What is the additional profit contribution from sales that will be realized from implementing the proposed change?
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