The expected opportunity loss of the best decision alternative is the
a. expected monetary value.
b. payoff.
c. expected value of perfect information.
d. None of these alternatives is correct.
c
You might also like to view...
Under Armour is an example of a service provider
a. True b. False Indicate whether the statement is true or false
Which of the following would be added to the balance per bank?
a. Outstanding checks b. Bank service charges c. Collection of a note receivable by the bank d. Deposit in transit
Financial statements for Maraby Corporation appear below:Maraby CorporationBalance SheetDecember 31, Year 2 and Year 1(dollars in thousands) Year 2Year 1Current assets: Cash and marketable securities$220 $190 Accounts receivable, net 190 160 Inventory 140 150 Prepaid expenses 70 80 Total current assets 620 580 Noncurrent assets: Plant & equipment, net 1,180 1,150 Total assets$ 1,800 $ 1,730 Current liabilities: Accounts payable$100 $120 Accrued liabilities 100 70 Notes payable, short term 160 160 Total current liabilities 360 350 Noncurrent liabilities: Bonds payable 450 500 Total liabilities 810 850 Stockholders' equity:
Common stock, $5 par 160 160 Additional paid-in capital 200 200 Retained earnings 630 520 Total stockholders' equity 990 880 Total liabilities & stockholders' equity$ 1,800 $ 1,730 Maraby CorporationIncome StatementFor the Year Ended December 31, Year 2(dollars in thousands)Sales (all on account)$1,960 Cost of goods sold 1,370 Gross margin 590 Selling and administrative expense 230 Net operating income 360 Interest expense 50 Net income before taxes 310 Income taxes (30%) 93 Net income$ 217 Maraby Corporation's accounts receivable turnover for Year 2 was closest to: A. 13.5 B. 11.2 C. 9.4 D. 7.8
Each accounting period, Harris Company Department Store charges a bookkeeping account for its estimated shoplifting losses. The method that Harris Company Department Store uses to fund its retained shoplifting losses is a(n)
A) private insurance policy. B) captive insurer. C) credit line. D) unfunded reserve.