Price Corp.is considering selling to a group of new customers and creating new annual sales of $70,000.5% will be uncollectible.The collection cost on these accounts is 3.5%,the cost of producing and selling is 80% of sales and the firm is in the 31% tax bracket.What is the profit on new sales?
A) $5,554.50
B) $9,660.00
C) $7,245.00
D) $5,959.50

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The Answer of Price Corp.is considering selling to a group of new customers and creating new annual sales of $70,000.5% will be uncollectible.The collection cost on these accounts is 3.5%,the cost of producing and selling is 80% of sales and the firm is in the 31% tax bracket.What is the profit on new sales?
A) $5,554.50
B) $9,660.00
C) $7,245.00
D) $5,959.50