ROUND TO ZERO DECIMAL PLACES. THANK YOU! Current Proposed Sales 2,000,000 % change in sales 0.015...

ROUND TO ZERO DECIMAL PLACES. THANK YOU!

	Current	Proposed
Sales	2,000,000
% change in sales		0.015
Cost of capital	0.05
Credit terms	30	60
Bad debt	0.03	0.05

1. What are the sales under the new policy?

2. What is the change in sales under the new policy?

3. What is the current accounts receivable balance?

4. What is the accounts receivable balance under the proposed policy?

Expert Solution

jeff jeffy answered 2 years ago

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