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3 years ago

If there’s a 40% chance of making $1 million and a 60% chance of losing $600,000, then the expected monetary outcome is

Business

1 answer:

Aleks [24]3 years ago

6 0

Answer:

$-40,000

Explanation:

Calculation for the expected monetary outcome

Using this formula

Expected monetary outcome=Probability x Affect

Let plug in the formula

Expected monetary outcome=0.4 x $1,000,000=$400,000

Expected monetary outcome= 0.6x $600,000=$360,000

Expected monetary outcome=$360,000-$400,000

Expected monetary outcome=$40,000 loss

Therefore the Expected monetary outcome will be a loss of $40,000

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What is not part of all contracts?

sdas [7]

Premium is not included in all contracts.
Offer is very important, time requirements is also a must in a contract, consideration is also stated in the contracts, but premium is not included in the contract.

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3 years ago

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The following information pertains to Sooner Company's cash balance and bank reconciliation as of August 31: Company balance bef

MAXImum [283]

Answer: The correct cash balance for Sooner Company is "(C) $7,150."

Explanation: The balance of the company before the settlement was $ 5000. The data to take into account to adjust the differences are:

Notes collected by the bank $ 2,200

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<u>Therefore: 5000 + 2200 - 50 = $7150</u>

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3 years ago

Chavez Corporation reported the following data for the month of July:

Alchen [17]

Answer:

Direct Material Cost for July=$60,600

Explanation:

The direct materials cost for July is is calculated as:

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Additional Raw materials purchases=$69500

Total Raw material Available=Raw Material in the beginning+Additional Raw materials purchases

Total Raw material Available=$34000+$69500

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Raw material used in production=Total Raw material Available-Ending Raw material

Raw material used in production=$103500-$33500

Raw material used in production=$70000

Indirect materials included in manufacturing=$9400

Direct Material Cost=Raw material used in production-Indirect materials included in manufacturing

Direct Material Cost=$70000-$9400

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8 0

2 years ago

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Which statement describes the word “iterative”?

IrinaVladis [17]

Answer:

Explanation:

The word 'iterative' is derived from the Latin word 'iterare', which means 'to repeat.'

Iterative is a term used to define a process of repetition to attain the desired outcome. It is a repetitive process performed to improve or do better than before.

The statement that correctly defines the term 'iterative' is option D. The statement talks about working in cycles (repetition) to get a desired result of (refined product).

Therefore, option D is correct.

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3 years ago

Beaver Company (a multi-product firm) produces 5,000 units of Product X each year. Each unit of Product X sells for $8 and has a

Jlenok [28]

Answer:

C. Decrease by $7,000

Explanation:

Calculation to determine what company's overall operating income would Decrease by

Using this formula

Overall operating income =(Product X units*Contribution margin )-Fixed overhead eliminated

Let plug in the formula

Overall operating income=(5,000 units*$5)-$18,000

Overall operating income=$25,000-$18,000

Overall operating income=$7,000 Decrease

Therefore As a result of discontinuing Product X, the company's overall operating income would:Decrease by $7,000

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2 years ago