subject
Business, 28.01.2020 01:31 simeragrundy14

Gary’s pipe and steel company expects sales next year to be $1,140,000 if the economy is strong, $770,000 if the economy is steady, and $399,000 if the economy is weak. gary believes there is a 20 percent probability the economy will be strong, a 65 percent probability of a steady economy, and a 15 percent probability of a weak economy. what is the expected level of sales for next year?

ansver
Answers: 1

Another question on Business

question
Business, 20.06.2019 18:04
Adupont analysis is conducted using the dupont equation which to identify
Answers: 3
question
Business, 22.06.2019 02:40
Aquatic marine stores company manufactures special metallic materials and decorative fittings for luxury yachts that require highly skilled labor. aquatic uses standard costs to prepare its flexible budget. for the first quarter of the year, direct materials and direct labor standards for one of their popular products were as follows: direct materials: 3 pounds per unit; $ 6 per pound direct labor: 4 hours per unit; $ 19 per hour during the first quarter, aquatic produced 5 comma 000 units of this product. actual direct materials and direct labor costs were $ 65 comma 000 and $ 330 comma 000, respectively. for the purpose of preparing the flexible budget, calculate the total standard direct materials cost at a production volume of 5 comma 000 units.
Answers: 2
question
Business, 22.06.2019 04:00
The simple interest in a loan of $200 at 10 percent interest per year is
Answers: 2
question
Business, 22.06.2019 15:00
(a) what do you think will happen if the price of non-gm crops continues to rise? why? (b) what will happen if the price of non-gm food drops? why?
Answers: 2
You know the right answer?
Gary’s pipe and steel company expects sales next year to be $1,140,000 if the economy is strong, $77...
Questions
question
Mathematics, 20.01.2021 23:20
question
Mathematics, 20.01.2021 23:20
question
Mathematics, 20.01.2021 23:20