Chapter 6, Problem 14P

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Fantom Enterprises sells on terms of 3/12, net 40. Gross sales last year were $520,000, and accounts receivable averaged $70,000. Half of Fantom's customers paid on Day 12 and took discounts. a) What are Fantom's sales net of cash discounts taken? b) What is the total dollar finance charge paid by the non-discount-paying customers? Help

Daisy Inc., wants to make a profit of $25,000. It has variable costs of $80 per unit and fixed costs of $15,000. How much must it charge per unit if 4,000 units are sold? ?!