When three possibilities are equally likely and have payoffs of $3, $6, and $9. Then the expected value will be $6.
<u>What is Expected Value? </u>
Expected value refers to when you play the game it will tell you the probability or winning chance and amount to win.
Hence, in the above questions, there are equally likely possibilities.
So, in this case, the probability for each possibility is 1/3.
We can calculate the expected value (EV) as:
EV=((1/3) x $3) + ((1/3) x $6) + ((1/3) x $9)
=1 + 2 + 3
=$6
Therefore, the expected value will be $6 when three possibilities are equally likely and have payoffs of $3, $6, and $9.
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Answer:
The correct answer is 63,200 kg.
Explanation:
According to the scenario, the computation of the given data are as follows:
Raw material required for production = Production in units × req. raw material per unit
= 16,000 units × 4 kg
= 64,000 kg.
Beginning inventory = (64,000 kg) × 10%
= 6,400 kg
Ending inventory = ( 14,000 × 4 kg) × 10%
= 56,000 kg × 10%
= 5,600 kg
So, we can calculate the budgeted purchases of raw materials by using following formula:
Budgeted purchases of raw materials = Raw material required for production + Ending inventory - Beginning inventory
= 64,000 kg + 5,600 kg - 6,400 kg
= 63,200 kg
The interest on a loan plus the charges and fees is known as the: B. annual percentage rate
<h3>What is annual percentage rate?</h3>
Annual percentage rate can be defined as the interest rate on a loan which includes the charges as well as the fees.
The annual percentage rate help to determine or measure the amount a lender charges the borrower per annual or per year.
Therefore the correct option is B.
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Answer:
$205,000
Explanation:
We know that
The ending balance of retained earnings = Opening balance of retained earnings + net income earned - dividend paid
= $145,000 + $90,000 - $30,000
= $205,000
By considering the above formula, we can easily find out the ending balance of retained earnings by taking opening balance, net income and dividend amount
Answer: Ownership rights
lending
Explanation: Equity shares or common stocks are the ownership rights of the company, the holders of common stock have the voting right in every major decision of the company and are entitled for dividend according to the profit made by the company in that period.
On the other hand the bondholders are the creditors of the company as bond is considered as a debt obligation in the company. They are entitled to fixed rate of interest in return of the investment made by them.
