Scott likes to day trade on the internet. on a good day, he averages $390 gain. on a bad day, be averages a $275 loss. suppose that he has good days 24% of the time, bad days 36% of the time, and the rest of the time, he breaks even. let x represent scott's income from day trading. what is the expected value of scott's day trading hobby? after 1 month, (30 days), how much money would he expect to make/lose? (in other words, what is the net gain/loss? ) group of answer choices

Analyzing and computing accrued warranty liability and expense waymire company sells a motor that carries a 60-day unconditional warranty against product failure. from prior years' experience, waymire estimates that 2% of units sold each period will require repair at an average cost of $100 per unit. during the current period, waymire sold 69,000 units and repaired 1,000 units. (a) how much warranty expense must waymire report in its current period income statement? (b) what warranty liability related to current period sales will waymire report on its current period-end balance sheet? (hint: remember that some units were repaired in the current period.) (c) what analysis issues must we consider with respect to reported warranty liabilities?