911
Explanation:
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Expected rate of return Probabilities
Booming 22% 5%
Normal 15% 92%
Recession 2% 3%
The expected rate of return on this stock is solved by multiply each expected rate of return to its corresponding probability and getting the sum of all products.
Booming: 0.22 x 0.05 = 0.011
Normal: 0.15 x 0.92 = 0.138
Recession 0.02 x 0.03 =<u> 0.0006</u>
Sum total 0.1496 or 14.96% is the expected rate of return on this stock
Answer:
The expected balance of Accounts Payable on 31 January is $6020
Explanation:
The expected closing balance of Accounts payable will include the amount of payable for purchases made in January which are still outstanding at the end of the month. According to the policy of the company, 50% of a month's purchases will be paid in the following month. Thus, the ending balance of accounts payable will be 50% of January's purchases.
Closing balance of Accounts payable = 12040 * 0.5 = $6020
Answer:
Accounts Receivable - Steven Johnson; Cash; Kathy Smith, Capital; Prepaid Insurance; Supplies
Explanation:
Assets are thing you own. Therefor, this would include anything prepaid, any cash coming in, and supplies.
