If the economy booms, Meyer & Company stock will have a retu…

If the economy booms, Meyer & Company stock will have a return of23.5 percent. If the economy goes into a recession, the stock will have a loss of 12 percent. The probability of a boom is 68 percent while the probability of a recession is 32 percent. What is the standard deviation of the returns on the stock?

The Cellar Door currently sells 1,849 units per month for to…

The Cellar Door currently sells 1,849 units per month for total monthly sales of $627,800. The company is considering replacing its current cash-only credit policy with a net 30 policy. The variable cost per unit is $214 and the monthly interest rate is .87 percent. What is the new sales quantity at the switch break-even level of sales?