A Customer Has Ordered Goods with a Value of $1200

A customer has ordered goods with a value of $1200. The production cost is $800. Under what conditions should you extend credit if there is no possibility of repeat orders?

A) If the probability of payment exceeds 0.67
B) If the probability of payment exceeds 0.75
C) If the probability of payment exceeds 0.80
D) If the probability of payment exceeds 0.90 p(1200 - 800) - (1 - p) (800) = 0; p = 0.67