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Category > Business & Finance Posted 05 Jun 2017 My Price 8.00

On each nondelinquent sale Cast

On each nondelinquent sale Cast Iron receives revenues with a present value of $1,210 and incurs costs with a present value of $1,060. Assume there is no possibility of repeat orders and that the probability of successful collection from the customer is p = .96.

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?
   
 
  Grant
  Refuse
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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Status NEW Posted 05 Jun 2017 08:06 AM My Price 8.00

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