please answer all four questions

Sach$,$ Incorporated, expects to sell $1,890$ of its designer suits every week. The store is Problem $28-9$ Evaluating Credit Policy

Air Spares is a wholesaler that stocks engine components and test equipment for the

commercial aircraft industry. A new customer has placed an order for eight high$-$bypass

turbine engines, which increase fuel economy. The variable cost is $$3\mathrm{.}2$ million per unit,

and the credit price is $$3\mathrm{.}505$ million each. Credit is extended for one period, and based

on historical experience, payment for about $1$ out of every $200$ such orders is never

collected. The required return is $3\mathrm{.}8$ percent per period.

a$.$ What is the NPV per engine purchased on credit? $($Do not round intermediate

calculations and enter your answer in dollars, not millions of dollars, rounded to $2$

decimal places, e$.$g$.,1,234,567\mathrm{.}89.)$

b$.$ What is the break$-$even probability of default in part $($a$)?($Do not round intermediate

calculations and enter your answer as a percent rounded to $2$ decimal places,

e$.$g$.,32\mathrm{.}16.)$

c$-1.$ Suppose that customers who don't default become repeat customers and place the

same order every period forever. Further assume that repeat customers never

default. What is the NPV per engine purchased on credit? $($Do not round

intermediate calculations and enter your answer in dollars, not millions of dollars,

rounded to $2$ decimal places, e$.$g$.,1,234,567\mathrm{.}89.)$

c$-2.$ Assuming the customer becomes a repeat customer, what is the break$-$even

probability of default? $($Do not round intermediate calculations and enter your

answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$ Problem $28-3$ ACP and Acc

open seven days a week and expects to sell the same number of suits every day. The

company has an EOQ of $1,400$ suits and a safety stock of $270$ suits. Once an order is

placed, it takes three days for Sach$$ to get the suits in$.$

How many orders does the company place per year? $($Do not round intermediate

calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

Orders per year

Assume that it is Monday morning before the store opens, and a shipment of suits has

just arrived. When will Sach$$ place its next order?

Monday

Tuesday

Wednesday

Thursday

Friday

Saturday

SundayProblem $28-3$ ACP and Accounts Receivable

Kyoto Joe, Incorporated, sells earnings forecasts for Japanese securities$.$ Its credit terms

are $\frac{1}{10},$ net $30.$ Based on experience, $80$ percent of all customers will take the discount.

a$.$ What is the average collection period for the company? $($Use $365$ days a year. Do not

round intermediate calculations and round your answer to $2$ deceimal places, e$.$g$.,$

$32\mathrm{.}16.)$

b$.$ If the company sells $1,650$ forecasts every month at a price of $$1,340$ each, what is its

average balance sheet amount in accounts receivable? $($Use $365$ days a year. Do not

round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,$

$32\mathrm{.}16.)$Problem $28-9$ Evaluating Credit Policy

Air Spares is a wholesaler that stocks engine components and test equipment for the

commercial aircraft industry. A new customer has placed an order for eight high$-$bypass

turbine engines, which increase fuel economy. The variable cost is $$3\mathrm{.}2$ million per unit,

and the credit price is $$3\mathrm{.}505$ million each. Credit is extended for one period, and based

on historical experience, payment for about $1$ out of every $200$ such orders is never

collected. The required return is $3\mathrm{.}8$ percent per period.

a$.$ What is the NPV per engine purchased on credit? $($Do not round intermediate

calculations and enter your answer in dollars, not