Should the firm accept or reject the order

Assignment Help Basic Statistics
Reference no: EM131922175

DAM is considering accepting an order for 25 sanitary items. On past experience, the credit controller reckons that there is a probability of 33% that bad debts will arise. In any case, credit period will be 90 days and it is estimated that the cost of sending letters for the 25 units will be $ 10.

The selling price per unit is $ 50 and variable cost is $ 30. The company's requires a return of 20%.

RQD: Should the firm accept or reject the order?

Reference no: EM131922175

Questions Cloud

What is the market value : Threes Electronic can issue bonds for $5 ~ $6 million in the similar terms.Company tax rate is 35%. What is the market value? WACC?
Which relative frequencies would be expected among progeny : Which phenotypes and which relative frequencies would be expected among the progeny from the mating of this male to a female with ruby eyes and dumpy wings?
What should be the size of repayment : What should be the size of each repayment if the loan is to be amortized at the end of the term? (Round your answer to the nearest cent.)
Calculate the price per unit to charge to earn the profit : Admore is the leading producer of presentation folders. last year, the company produced 50,000 units. This year the company anticipates producing.
Should the firm accept or reject the order : On past experience, the credit controller reckons that there is a probability of 33% that bad debts will arise.
Create a class structure flow chartfor yourprogram : Create a class structure,algorithmsand flow chartfor yourprogram, and then do several iterations of tests. You'll turn that document in with the program.
Journalize the closing entry to allocate net income : Compute each partner's share of the $72,000 net income for the year. Journalize the closing entry to allocate net income for the year.
Take action that led to on-time payments : What is Leyton's DSO.hat what would it be if all customers paid on time , and how much capital would be released if Leyton could take action that led to on-time
Compute the fixed overhead budget and volume variances : Standard direct labour-hours allowed for the actual output - 13,600. Compute the fixed overhead budget and volume variances

Reviews

Write a Review

Basic Statistics Questions & Answers

  Statistics-probability assignment

MATH1550H: Assignment:  Question:  A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..

  What is the least number

MATH1550H: Assignment:  Question:     what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?

  Determine the value of k

MATH1550H: Assignment:  Question:     Experience shows that X, the number of customers entering a post office during any period of time t, is a random variable the probability mass function of which is of the form

  What is the probability

MATH1550H: Assignment:Questions: (Genetics) What is the probability that at most two of the offspring are aa?

  Binomial distributions

MATH1550H: Assignment:  Questions:  Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.

  Caselet on mcdonald’s vs. burger king - waiting time

Caselet on McDonald’s vs. Burger King - Waiting time

  Generate descriptive statistics

Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.

  Sampling variability and standard error

Problems on Sampling Variability and Standard Error and Confidence Intervals

  Estimate the population mean

Estimate the population mean

  Conduct a marketing experiment

Conduct a marketing experiment in which students are to taste one of two different brands of soft drink

  Find out the probability

Find out the probability

  Linear programming models

LINEAR PROGRAMMING MODELS

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd