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Assume Atlantic Fish sells 3,200 pounds of fish per month at a price of $2.90 a...

Assume Atlantic Fish sells 3,200 pounds of fish per month at a price of $2.90 a pound. The variable cost per pound is $2.22. Currently, the firm has a cash-only sales policy. The firm is considering changing to a net 30 credit policy. The monthly required return is 1.2 percent. What does the new level of sales need to be to break-even on the switch?

3,219.40 pounds

3,489.67 pounds

3,370.44 pounds

170.44 pounds

119.40 pounds
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