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:
Avoidable interest are $569,564.64
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<em>The answer and procedures of the exercise are attached in a microsoft excel document. </em>
Explanation:
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.
Answer:
E. was due to factors within or outside the firm's control.
Explanation:
The purpose of variance analysis is to address the differences between the budgeted and actual performance of the company.
Variance analysis aids in understanding the reasons fluctuations happen with the aim of reducing or avoiding adverse variances, which eventually leads to improved budgeting.
The reason an organisation would want to know if variances were due to factors within or outside the organisation is because they need to address all such variances that are under management control by looking at what could have been differently.
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Among the choices the answer should be Quickly skimming readings and briefly looking at graphics<span>in the readings. </span>
Answer:
I used an excel spreadsheet to calculate this:
the least squares regression line:
y = a + bx
y = $2,752 + 3.87x
where y = total cash wash costs and x = rental returns
fixed costs = $2,752 per month
variable cost = $3.87 per car washed
