QUESTION 3 Locust Software Company sells computer training packages to its business customers at a...
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QUESTION 3 Locust Software Company sells computer training packages to its business customers at a price of Sh. 10,000. The cost of production (in present value terms) is Sh.9,600, Locust sells its packages on terms net 30 days and estimates about 7% of all orders will be uncollectible. An order comes in for 20 units. The interest rate is 1% per month. (a)
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