Answer:
Expected Loss will be $3
Explanation:
Expected Loss can be calculated by multiplying the probabilities to Net expected outcome.
Probabilities
Prize ( $460) = 1 / 100
Prize ( $80 ) = 2 / 100
Prize ( $20 ) = 4 / 100
No prize = 100/100 - (1+2+4)/100 = 93/100
Expected value = [( 460 - 10 ) x 1/100 ] + [( 80 - 10 ) x 2/100 ] + [( 20 - 10 ) x 4/100 ] + [( 0 - 10 ) x 93/100] = 4.5 + 1.4 + 0.4 - 9.3 = -$3
Answer:
C. the production order quantity model does not require the assumption of instantaneous delivery.
Explanation:
EOQ refers to Economic Order Quantity method, this method particularly aims at 0 extra inventory in hand and keeping the total inventory in hand which is needed and then there is n assumption that the goods shall be delivered instantly.
Under the production order quantity model the model is made to calculate the quantity to be ordered for meeting the demand of production units.
This aims at the minimum order quantity to be delivered to meet the production needs.
Answer and Explanation:
The journal entry to record the given transaction is as follows
Retained earning Dr (0.30 million × $54) $16.2 million
To Common stock (0.30 million × $1) $0.3 million
To Additional paid in capital in excess of par (0.30 million × $53) $15.9 million
(Being the stock dividend is declared)
The computation of the shares after declaring the dividend is
= 30 million × 1%
= 0.30 million
Answer:
Product adaptation
Explanation:
Product adaptation is when an existing product is changed or modified to suit customers need in a foreign market . The aim is to satisfy customers want all around the world where the products are exported to.
There are various reasons why products may be adapted, one of which is changing the taste of a product to meet the desire of customers who are based in other countries or around the world. It may also involve either changing the brand, colour etc, just to meet customers demand all around the world.
Other reason why a product may be adapted is to comply with local laws where the products are exported to.
Answer:
At the end of one accounting period result in cash receipts in a future period.
Explanation:
Accrued revenues is money owed by customers for goods bought or services purchased.
Accrued revenue is recorded as an asset on the balance sheet as receivables.
For example, if a customer buys a dress and is yet to pay for the dress. the amount the customer is supposed to pay is recorded as an accrued revenue at the end of the accounting period
Unearned revenue is money received by a company for services that are yet to be rendered.
