Bugle Boy Company has an opportunity cost of funds of 10 percent and a credit policy based on net 45 days

Finance Dec 11, 2021

Bugle Boy Company has an opportunity cost of funds of 10 percent and

a credit policy based on net 45 days. If all of its customers adhere to the stated terms and annual sales increase from $4.04 million to $5.98 million, what will be the increased cost of funds tied up in accounts receivable? (Use 365 days in a year. Do not round intermediate calculations. Round the final answer to the nearest whole dollar. Enter answer in whole dollar not in million.)

Increased cost of fund?