(Solved by Humans)-Problem 5-63B DISCOUNT POLICY AND GROSS MARGIN Parker Electronics sells cell phones. During 2008,...
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Problem 5-63B DISCOUNT POLICY AND GROSS MARGIN Parker Electronics sells cell phones. During 2008, Parker sold 1,500 units at an average of $250 per unit. Each unit cost Parker $120. At present, Parker offers no sales dis- counts. Parker’s controller suggests that a generous sales discount policy would increase annual sales to 2,000 units and also improve cash flow. She proposes 6/15, n/20 and believes that 75 percent of the customers will take advantage of the discount. Required: 1. If the controller is correct, determine how much the new sales discount policy would add to net sales. 2. Explain why the sales discount policy might improve cash flow.
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This question was answered on: 10 May, 2025
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