Answer:
Therefore Expected Value of the information = $65,000+$62,000 - $10,000 = $117,000
Explanation:
If the market research survey is available for $10,000.
Using a decision tree analysis, it has been found that the expected monetary value with the survey is $65,000. The expected monetary value with no survey is $62,000.
<u>Then the expected value of the information from this sample is the expected value of each outcome and deducting the costs associated with the decision</u>
Therefore Expected Value of the information = $65,000+$62,000 - $10,000 = $117,000
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The strength of bargaining power forces depends on the availability of substitutes and <span>the relative size of the firm </span>compared to the size of suppliers or customers.
False. <span>A bank's decision to give a customer a mortgage is an example of an unstructured decision. Unstructured decisions are decided upon after reading up on current models, statistics and knowledge to help find the answer. These decisions are straight forward and to the point, there is no thinking long-term on them. </span>
Answer:
Dr Factory Overhead Payable $5,000
Cr Cost of Goods Sold $5,000
Explanation:
What we have done?
Cr Factory Overhead $5000
What we must do?
Dr Factory Overhead $5000
The entry in the expense account is credited, as said in the question. So what we must do is debit it back and waive off its affect from the cost of sales.
So at the end of the period the company is legally required to close the expenses and revenue accounts in-accordance to International Financial Reporting Standards.
What must be the entry?
So the journal entry would be :
Dr Factory Overhead $5,000
Cr Cost of Goods Sold $5,000
Answer:
c
Explanation:
Marginal revenue is the change revenue when quantity sold increases by one unit
Marginal revenue = change in total revenue /change in quantity sold
Mimi's marginal revenue = $10 - $8 = $2