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What is the break-even probability of collection for a firm that has a 40% profit margin? (ignore present value) A. 24% B. 40% C. 60%
What is the break-even probability of collection for a firm that has a 40% profit margin? (ignore present value)
A. 24%
B. 40%
C. 60%
D. 80%
The answer is C but how do you get 60%?
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New Venture Creation A Framework For Entrepreneurial Start-ups
Authors: Paul Burns
2nd Edition
1352000504, 978-1352000504
