Answer:
Expected loss without insurance = $850
Explanation:
Given:
Probability to got injured or killed = 1 / 1000
Law suit average cost = $850,000
Deductible insurance = $100,000
Expected loss without insurance = ?
Computation of Expected loss without insurance:
Expected loss without insurance = Lawsuit average cost × Probability to get injured or killed
Expected loss without insurance = $850,000 × (1 / 1000)
Expected loss without insurance = $850
could you explain some more please
Answer:
The answer is E) $1050000
Explanation:
We have opening stock of 4000 units. We know that we require to have 6000 units stock on hand at the end of the month. Budgeted sales are 12000 units.
If we come up with a formula Purchases + opening inventory - sales = 6000 units we can determine the amount we need to purchase to satisfy the requirement of having 6000 units on hand.
Purchases = 6000 + 12000 - 4000
=14000
14000 x 75 = $1050000
Therefore the answer is E. $1050 000
Answer:
I really need this answer as well plz help