Stamford, Inc. currently sells 8,350 units a month for total monthly sales of $179,500. The company is considering replacing its current cash only credit policy with a net 30 policy. The variable cost per unit is $6.23 and the monthly interest rate is 2 percent. What is the switch break-even level of sales?
A) 8,416 units
B) 8,517 units
C) 8,587 units
D) 8,606 units
E) 8,686 units
Correct Answer:
Verified
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