Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. x is 3 . assume all sales are one-time credit sale

X is 3 . Assume all sales are one-time credit sales with a probability of...

90.2K

Verified Solution

Question

Accounting

X is 3 . Assume all sales are one-time credit sales with a probability of collection of 96 percent. The variable cost per unit is $1.67, the sales price per unit is $4.99, and the monthly interest rate is 1+0.1*x percent. What is the NPV of a credit sale of one extra unit?

A) $3.073 B) $3.026 C) $2.981 D) $2.936 E) $2.892

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Programming
1.2K views

Explain how to handle null values and default values when coding INSERT and UPDATE statements. Give...

Physics
1.2K views

a-How much heat is required to convert 5.0 kg of ice from a temperature of -10...

Psychology
1.2K views

Define reliability & validity, describe and separate the three methods for demonstrating validity. talk about the relationship...

Electrical Engineering
1.2K views

A sing-around sensor outputs frequency 40 Hz. Knowing that the average flow rate in the pipe...

Geometry
1.2K views

1 The following polygon is a parallelogram Find the value of x 2x 20 3x...

Basic Math
1.2K views

The coordinates of ?ABC are A(12, 8), B(10, 18), C(4, 16). After a dilation, the...

Statistics
1.2K views

In the pool example we concluded that events DF and IC are dependent events because...

Algebra
1.2K views

A newly discovered isotope has a half life of 7 5 days Initially there are...

Accounting
1.2K views

RPSO 200 Fall 2021-2022 Assignment Task: Research Proposal writing in selected any areas of Business...

Accounting
1.2K views

Last month when Holiday Creations, Incorporated, sold 38,000 units, total sales were $152,000, total variable...

Accounting
1.2K views

2010 During the month of August, the following transactions took place and must still...

Accounting
1.2K views

b) Assume Crane Corporation restricted retained earnings in the amount of $ on December 31,...