________ probabilities are average constant probabilities that the system will be in a state in the future

Which of the following is least likely to be correct about the factoring of receivables?

A) the selling firm bears the risk of default B) the higher the perceived quality of the receivables, the lower the discount rate C) factoring may be the cheapest method of avoiding a cash flow problem D) the discount is paid by the selling firm in the form of reduced sales price

How much time passes between orders if they order optimally (in accordance with the EOQ policy)?

The Krewe of Orpheus maintains a supply of swizzle sticks for events throughout the year. Demand for swizzle sticks is shockingly low, a quick check of krewe records from last year reveals that they used only 585,000, but the krewe president believes that they should be good stewards of what they have, so they seek to manage this inventory using the EOQ policy, although they prefer to refer to it as an EOKrewe policy for obvious reasons. Swizzle sticks are not expensive items, they cost a nickel apiece largely due to the club logo printed on each one. This also serves to increase the lead time as they can't be obtained from a standard restaurant supply house. Instead, they must be ordered with an eye towards the six day lead time. It costs $15 to place an order, most of this cost is a result of explaining the meaning of "Laissez les bons temps rouler" and why it should be printed on the edge of each swizzle stick. Holding cost is 20% of purchase price. A) 26 days B) 28 days C) 29 days D) 31 days