What is expected level of sales for next year

Assignment Help Financial Accounting

Reference no: EM13139334

Gary's Pipe and Steel company expects sales next year to be $800,000 if the economy is strong, $500,000 if the economy is steady, and $350,000 if the economy is weak. Gary believes there is a 20 percent probability the economy will be strong, a 50 percent probability of a steady economy, and a 30 percent probability of a weak economy. What is the expected level of sales for next year?

Reference no: EM13139334

Questions Cloud

Find probability that single score will be less than a value : Results are normally distributed with mean 200 and standard deviation 50. find probability that a single score will be less than 264.

What will the percent or frequency of each kind of gamete : Genetics ProblemEar lobes in people may be free hanging or completely attached to the side of the face this is determined by a single gene locus; the free hanging allele, E, is dominant and the attached allele (e) is recessive.

Owners equity for current year : State wheter each of following would be overstated, understated or not affected. cost of merchandise sold for the current year? Net income for the current year? Owners equity for the current year?

Determine the frequency of the phenotype ratio : the parental cross is NnMm x Nnmm use a branching diagram to determine the frequency of the phenotype ratio in the next generation.

What is expected level of sales for next year : Gary believes there is a 20 percent probability the economy will be strong, a 50 percent probability of a steady economy, and a 30 percent probability of a weak economy. What is expected level of sales for next year?

Does coverage support the claim that the proportion is less : Which 56 have this coverage. Does this support the claim that the proportion is less than 15%? Test the claim at the 5% level by the following steps.

What are tax results to dalissa on redemption of her : Hummingbird distributes securities held as an investment (adjusted of 90,000, fair market valye of 110,000) to Erika in redemption of 200 of her shares. What are tax results to Dalissa on the redemption of her Hummingbird stock?

What would you predict the genotypes of the parents to be : Several black guinea pigs of the same genotype were mated and they produced 29 black and 9 white offspring. What would you predict the genotypes of the parents to be?

Prepare a production cost report : Production: 12,000 units finished and transferred out: 3,000 units started that are 100% complete as to materials and 40% complete as to conversion costs. Manufacturing costs: Materials $36,000; labor $30,000; overhead $ 37,320. Prepare a producti..

User Account

All Pages