Determine cash payments for wages during the year

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Reference no: EM1314240

1. BLP Corporation reported wages expense of $224,000, wages payable of $89,400 at the beginning of the year and wages payable of $71,300 at the end of the year. Cash payments for wages during the year were:

A. $205,900
B. $224,000
C. $242,100
D. $295,300

2. Central Metals, Inc. is considering investing in silver mine. An investment of $500,000 would be made for one year with the following potential outcomes:

Rate of Return	Probability of Outcome
150%	0.10
60%	0.25
35%	0.50
(100%)	0.1

The expected rate of return for this investment is:

Reference no: EM1314240

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