What is the expected value of philips budgeted cost

Assignment Help Accounting Basics

Reference no: EM132827072

Question 1. Philip Enterprises, distributor of CDs is developing its budgeted cost of goods sold for next year. Philip has developed the following range of sales estimates and associated probabilities for that year:

Sales estimates Probability

P 60,000 0.25

P 85,000 0.40

P100,000 0.35

Philip's cost of goods sold averages 80% of sales. What is the expected value of Philip's budgeted cost of goods sold next year?

Question 2. During the year, Brownout Company experienced the following power outages:

Number of Power Outages Per Month Number of Months

0 3

1 2

2 4

3 3

Each power outage results in out of pocket costs of P400. For P500 per month, the company can lease an auxiliary generator to provide power during outages. If the company leases an auxiliary generator next year, the estimated savings (or additional expenditures) would be

Reference no: EM132827072

Questions Cloud

Understanding community and population : Acquire an understanding of the community and population served. One easy method to do so is to research demographic information that may inform community

Discuss your experience with research : Discuss your experience with research and with research data analysis. If you have a specific area of interest in research, include this in your post

How many hours did he spend complaining on social media : If, in the last month, he spent 480 hours complaining about how the election was stolen from him, how many hours did he spend complaining on social media?

What is the appropriate journal entry for job 836 : Direct labor hours were 700 for the month of December. What is the appropriate journal entry for job 836 for the month of December?

What is the expected value of philips budgeted cost : Philip's cost of goods sold averages 80% of sales. What is the expected value of Philip's budgeted cost of goods sold next year?

What must laura do before she posts either payment : Can Laura pst the larger payment and just refund the smaller payment to Blue Cross? What must Laura do before she posts either payment?

What amount of selling profit should butch realize : What amount of selling profit should Butch realize from the lease transaction - The normal sales price of the equipment is $77,000, and cost is $60,000.

Produce a report that uses the tools and methods : Produce a report that uses the tools and methods covered in your strategy unit sessions to illustrate, explain and critically

SHR019-6 Strategy Assignment : SHR019-6 Strategy Assignment Help and Solution, University of Bedfordshire - Assessment Writing Service - Demonstrate in-depth knowledge of the tools

User Account

All Pages