Martinakom

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Category > Business & Finance Posted 14 Aug 2017 My Price 8.00

20-3) On each nondelinquent sale Cast Iron receives revenues with a present value of $1,390 and incurs costs with a present value of $1,240.

20-3)

 

On each nondelinquent sale Cast Iron receives revenues with a present value of $1,390 and incurs costs with a present value of $1,240. Assume there is no possibility of repeat orders and that the probability of successful collection from the customer is p = .95.

 

a-1.What is the expected profit of granting credit? (A negative amount should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to 2 decimal places.)

 

  Expected profit$  per sale  

a-2.Should Cast Iron grant or refuse credit?   GrantRefuse 

b.What is the break-even probability of collection? (Enter your answer as a percent rounded to 1 decimal place.) 

  Break-even probability %  

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Martinakom
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Status NEW Posted 14 Aug 2017 04:08 PM My Price 8.00

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