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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_%

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9798456

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