Shortening the credit period A firm is contemplating shortening its credit period from 45 to 35 days and believes that, as a result of this change, its average collection period will decline from 49 to 41 days. Bad-debt expenses are expected to decrease from 1.5 % to 0.9 % of sales. The firm is currently selling 12 comma 100 units but believes that as a result of the proposed change, sales will decline to 10 comma 000 units. The sale price per unit is $ 56, and the variable cost per unit is $ 45. The firm has a required return on equal-risk investments of 11.5 %. Evaluate this decision, and make a recommendation to the firm. (Note: Assume a 365-day year.)Get Finance homework help today
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