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SpyIntel [72]
3 years ago
12

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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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
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3 years ago
Chavez Corporation reported the following data for the month of July:
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Answer:

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Explanation:

The direct materials cost for July is is calculated as:

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8 0
2 years ago
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Which statement describes the word “iterative”?
IrinaVladis [17]

Answer:

D.

Explanation:

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

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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
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Answer:

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