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Home Q & A Board Other Fields Homework Help Business Economics
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ruskin ruskin
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Posts: 664
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6 years ago
What would be the expected monetary value for the following data using the probability method?

Probability    Cash Inflows
0.15   $200,000
0.25   $175,000
0.30   $160,000
0.40   $0

A) $535,000
B) $250,000
C) $121,750
D) $200,000
E) $30,000
Textbook 
Cost Accounting: A Managerial Emphasis, Canadian Edition

Cost Accounting: A Managerial Emphasis, Canadian Edition


Edition: 7th
Authors:
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#1
6 years ago
C
Explanation:  C) 0.15($200,000) + 0.25($175,000) + 0.3($160,000) = $121,750.
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