What is the profit on new sales

Reference no: EM13290107

Price Corp. is considering selling to a group of new customers and creating new annual sales of $440,000. 5% will be uncollectible. The collection cost on these accounts is 5% of new sales, the cost of producing and selling is 78% of sales and the firm is in the 29% tax bracket. What is the profit on new sales?

Reference no: EM13290107

Questions Cloud

Compute energy consumed by load over period of 24 hours : The power consumption of asingle-phase electric load fed from a 120 volt source representedby: P(t) = 100 (1-e-t/10) KW where t is the unit time inhours. Compute the energy consumed by the load over the period of 24 hours.

Find its speed at the instant it leaves the table : A small ball rolls horizontally off the edge of a tabletop that is 1.24 m high. What is its speed at the instant it leaves the table

How much will the firm need to borrow : Friedman Roses, Inc. needs $90,000 in funds for expansion. With a compensating balance requirement of 22%, how much will the firm need to borrow?

Find the speed of a particle on the stars equator : When a large star becomes a supernova, its core may be compressed so tightly that it becomes a neutron star, what is the speed of a particle (in km/s) on the star's equator

What is the profit on new sales : The collection cost on these accounts is 5% of new sales, the cost of producing and selling is 78% of sales and the firm is in the 29% tax bracket. What is the profit on new sales?

Explain a solution of potassium permanganate by measuring : A chemist prepares a solution of potassium permanganate by measuring out 33.g of potassium permanganate into a 450ml volumetric flask and filling the flask to the mark with water. Calculate the molarity

How much should the firm be willing to pay : If average daily remittances are $2 million, and "extended disbursement float" adds 2 days to the disbursement schedule, how much should the firm be willing to pay for a cash management system if the firm earns 11% on excess funds.

State experiencing heartburn takes a dose of an antacid drug : When a person experiencing heartburn takes a dose of an antacid drug, like Tums or Rolaids, a neutralization reaction occurs in the stomach. How is it chemically possible for the stomach acid to remain acidic even after the neutralization reaction..

What is the operating cash flow under the best case scenario : The sales price is estimated at $64 a unit, give or take 3 percent. What is the operating cash flow under the best case scenario?

User Account

All Pages