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Question - XYZ Enterprises is considering extending credit to some customers. Sales will increase by R400 000 if credit is granted to these customers. From the new accounts receivable generated, 6% is expected to be uncollectable. Additional collection costs will be 3% of sales and production and selling costs will be 70% of sales. The corporate tax rate is 28%.
Required - Use the information provided below to:
1. Calculate the incremental profit/loss after tax.
2. Determine the return on sales if these new customers are accepted.
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This individual assignment is based on the TerraCycle Inc.
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