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Consider the case of the Cast Iron Company. On each nondelinquent sale, Cast Iron receives revenues with a present value of $1,320 and incurs costs with a present value of $1,000. Cast Iron's costs have increased from $1,000 to $1,170. Assuming that there is no possibility of repeat orders and that the probability of successful collection from the customer is p = 0.85, answer the following.
Question a-1. What is the expected profit of granting credit? (Negative amount should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to 2 decimal places.)
Question ?a-2. Should Cast Iron grant or refuse credit?
RefuseGrant
Question b. What is the break-even probability of collection? (Enter your answer as a percent rounded to 1 decimal place.)
Gary receives $40,000 worth of Quantro, Inc., common stock from the estate of his late grandmother. Early in the year he receives a $100 cash dividend. Four months later he receives a 2% stock dividend. Near the end of the year, Gary sells the stock ..
1000 per month for the next 25 years. Which is the deal for Rudy , and by how much , assuming the growth of the economy is 2.75% per year ?
Use the balance sheet information and other data to determine net cash from operating activities:
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