Subject - account Please help me. Thankyou. cesJohnson Electronics is considering extending trade credit to some customers previously considered poor risks. Sales would increaseby $120,000 if credit is extended to these new customers. Of the new accounts receivable generated, 6 percent will prove to beuncollectible. Additional collection costs will be 3 percent of sales, and production and selling costs will be 71 percent of sales.a. Compute the incremental income before taxes.Incremental income before taxes$b. What will the firm's incremental return on sales be if these new credit customers are accepted? (Round the final answer to 2decimal place.)Incremental return on salesc. If the receivable turnover ratio is 4 to 1, and no other asset buildup is needed to serve the new customers, what will JohnsonElectronics' incremental return on new average investment be? (Do round intermediate calculations. Round the final answer to thenearest whole percentage.)Incremental return on new average investment%

Incremental income refers to the additional income generated as a result of a specific action or…

Johnson Electronics is considering extending trade credit to some customers previously considered poor risks. Sales would incre by $120,000 if credit is extended to these new customers. Of the new accounts receivable generated, 6 percent will prove to be uncollectible. Additional collection costs will be 3 percent of sales, and production and selling costs will be 71 percent of sales. a. Compute the incremental income before taxes. Incremental income before taxes $

Johnson Electronics is considering extending trade credit to some customers previously considered poor risks. Sales would incre by $120,000 if credit is extended to these new customers. Of the new accounts receivable generated, 6 percent will prove to be uncollectible. Additional collection costs will be 3 percent of sales, and production and selling costs will be 71 percent of sales. a. Compute the incremental income before taxes. Incremental income before taxes $

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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