1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Katyanochek1 [597]
3 years ago
12

Sharpe Knife Company expects sales next year to be $1,550,000 if the economy is strong, $825,000 if the economy is steady, and $

550,000 if the economy is weak. Ms. Sharpe believes there is a 30 percent probability the economy will be strong, a 40 percent probability of a steady economy, and a 30 percent probability of a weak economy. What is the expected level of sales for the next year
Business
1 answer:
aleksley [76]3 years ago
7 0

Answer:

The expected level of sales for the next year is $960000

Explanation:

The expected sales will be calculated based on the probabiltiy of the economic condition multiplied by sales in that economic condition.

The expected sales for the next year will be,

Expected sales = 1550000 * 0.3 + 825000 * 0.4 + 550000 * 0.3

Expected Sales = $960000

You might be interested in
Consider the following two mutually exclusive projects: Year Cash Flow (A) Cash Flow (B) 0 –$218,917 –$16,419 1 25,700 5,985 2 5
Kryger [21]

Answer:

The IRR (in %) for Project A is 31%.

Explanation:

Let IRR be x%

At IRR, present value of inflows = present value of outflows.  

218917 = 25700/1.0x + 53000/1.0x^2 + 58000/1.0x^3 + 420,000/1.0x^4

solving for x, we find:

x = 31%

Therefore, The IRR (in %) for Project A is 31%.

5 0
4 years ago
These are steps in the decision-making process except for _____.
xenn [34]
Going With Your First mind Because It's Not In The Thinking Process
8 0
3 years ago
Read 2 more answers
On December 31, 2017, Oakbrook Inc. rendered services to Beghun Corporation at an agreed price of $102,049, accepting $40,000 do
galben [10]

Answer:

Loan Amortization Table is attached with this answer, please find it

Explanation:

First of all we calculate the Loan Payment per period

Loan Payment per year = r ( PV ) / 1 - ( 1 + r )^-n

Loan Payment per year = 0.11 ( (102,049 - 40,000 ) / 1 - ( 1 + 0.11 )^-4

Loan Payment per year = $6,825.39 / 0.341269 = 20,000 per year

6 0
3 years ago
In what ways do goals and objectives help managers control the organization? How do specific and measurable goals affect employe
klemol [59]

Answer:

In simple words, the goals and objectives are the end meets or which every action must be taken. If the  point of destination is clear the managers of the company can plan and execute effectively taking each action according to that predetermined end point.

In my experience, I had a goal to secure more than 70 percent in my final year of graduation. By clearing my goal and objective i took every step in the year to achieve that goal. This made me help myself to keep control.

6 0
3 years ago
2 pts Paul and Michael sell magazine subscriptions by telephone. Paul is paid $1.00 for every 5 calls he makes, while Michael is
WITCHER [35]

Answer:

D. Fixed-ratio; variable-ratio

Explanation:

Fixed ratio (FR) schedule, a specific or “fixed” number of behaviors must occur before you provide reinforcement.

Variable Ratio: In a variable ratio (VR) schedule, an average number of behaviors must occur before reinforcement is provided.

8 0
3 years ago
Other questions:
  • Consider a two-step mortgage for $150,000, 30 years, monthly payments, an initial interest rate of 5%, a cap of 5%, and a single
    15·1 answer
  • A. is a mathematical formula that is used to calculate the number of years it takes real gdp per capita or any other variable to
    14·1 answer
  • Command and Control Regulation is when____.
    5·1 answer
  • Tatum Company has four products in its inventory. Information about the December 31, 2021, inventory is as follows: Product Tota
    7·1 answer
  • How is the spending multiplier effect related to demand-side economics?
    12·1 answer
  • Which of the following are not considered earned income for EIC computations? a. Wages b. Tips c. Interest earned from a bank ac
    10·1 answer
  • The market price people are willing to pay for a unit of a particular commodity is determined by A. the sum of average and margi
    15·1 answer
  • Rooftop International, Inc. buys insurance against host government takeover when investing in foreign countries. This is an exam
    13·1 answer
  • If it costs $75,000 to put on an event and total revenue is $135,000, what is the profit as a percentage of revenue?
    7·1 answer
  • Which method would interest groups most likely use to help shape public policy? enacting regulations to enforce their goals hiri
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!