Suppose that you own a store that sells a particular brand of stove for $1000. you purchase the stoves from a distributor for $800 each. you believe that each stove has a lifetime that is an exponential random variable with rate parameter λ = 1 10 , where the unit of time is in years. you would like to offer the following extended warranty on this stove: if the stove breaks within r years, you will replace the stove completely (at a cost of $800 to you). if the stove lasts longer than r years, the extended warranty is void. let c be the cost you charge a customer for this extended warranty. given r, what value of c will you break even, that is, you will make zero profit from the warranty itself? what do you think is a reasonable choice of r

Exercise 4-9presented below is information related to martinez corp. for the year 2017.net sales $1,399,500 write-off of inventory due to obsolescence $80,440cost of goods sold 788,200 depreciation expense omitted by accident in 2016 43,600selling expenses 65,800 casualty loss 53,900administrative expenses 53,500 cash dividends declared 43,300dividend revenue 22,100 retained earnings at december 31, 2016 1,042,400interest revenue 7,420 effective tax rate of 34% on all items exercise 4-9 presented below is information relateexercise 4-9 presented below is information relate prepare a multiple-step income statement for 2017. assume that 61,500 shares of common stock are outstanding. (round earnings per share to 2 decimal places, e.g. 1.49.)prepare a separate retained earnings statement for 2017. (list items that increase retained earnings first.)