The calculated profit per unit for base-case, worst-case is, and best-case for the management of Brinkley corporation is:
<h3>The Profit per unit for base-case:</h3>
45 - 1 1- 24 - 3 = $7
<h3>Profit per unit for worst case:</h3>
45 - 12 - 25 - 3 = $3 per unit
<h3>Profit per unit for best case:</h3>
45 - 10 - 20 - 3 = 12$ per unit
b. The mean profit per unit is given as $7.05
c. The reason the simulation approach is preferable is due to the fact that it can help to determine the probability of profit as a particular amount, unlike the what-if scenario analysis.
It can also create different scenarios for possible resources.
d. The probability of the fact that the profit per unit woul be less than 5 is 9%
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Answer: B. Revises comparative financial statements.
Explanation:
When switching from a median Cost method to FIFO method. this sort of switch can always yield a major impact on all financial statements. Any organization which wishes to change would settle on the requirement to scrutinize whether it has to restate its financial data for previous years to reflect the new method or only apply the new method to the present and future years.
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Answer:
The correct answer is 3584 (Loss).
Explanation:
According tot he scenario, the given data are as follows:
Purchase value = $39.20
Sale value = $34.08
Total share = 700 share
So, we can calculate the total gain by using following formula:
Total gain = (Sale value - Purchase value) × Total share
= ( $34.08 - $39.20) × 700
= -3584 ( Negative shows Loss)