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Travel and Tow Trailers Inc. makes small trailers for light-duty towing behind SUVs and small pickup ...

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Travel and Tow Trailers Inc. makes small trailers for light-duty towing behind SUVs and small pickup ...

Travel and Tow Trailers Inc. makes small trailers for light-duty towing behind SUVs and small pickup trucks. Its trailers typically sell for $2,500. Many of its customers have asked for credit terms to aid in purchasing the trailers. The firm's finance department has estimated the following profile for it light-duty trailers and customer base:
   Annual sales:   10,000 trailers
   Annual production costs per trailer:   $1,500
   Lost sales if credit is not provided for customers:   2,000 trailers
   Default rate if all customers purchase on credit:   3.00%

What is the profit margin if the firm has a cash-only policy?
A) $15,000,000
B) $8,000,000
C) $9,250,000
D) $25,000,000

Textbook

Financial Management: Core Concepts

Edition: 2^nd

Author: Brooks

Read 1290 times

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stranahan Author

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Thank you for the help. I had a few questions on a few of them and this really confirmed my answers.

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Thanks for the help

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