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The cost of production is 99 locust sells its packages on

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Locust Software sells computer training packages to its business customers at a price of $105. The cost of production is $99. Locust sells its packages on terms of net 30 and estimates that about 8% of all orders will be uncollectible. An order comes in for 20 units. The interest rate is 5% per month. What is the break-even probability of collection? Break-even probability% What is the break-even probability of collection in the repeat-sales case? Round your answer to 2 decimal places. Break-even probability%?

Reference no: EM13569753

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