Perfect ltd makes annual sales of R950 000 and is considering discontinuing the discount offered...
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Accounting
Perfect ltd makes annual sales of R950 000 and is considering discontinuing the discount offered to debtors as there is only a 2% utilization of the discount. The terms are 3/5 net 35. Assuming that this change will have a nil effect on sales volume, bad debts, and debtors collection periods, what is the proposed discount discontinuation on net profit?
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