You are considering investing in a project with the following possible outcomes: State 1 has an economic boom with a 15% probability of occurrence and a 16% investment return. State 2 has economic growth with a 45% probability of occurrence and a 12% investment return. State 3 has an economic decline with 25% probability of occurrence and 5% investment returns. State 4 has a depression with 15% probability of occurrence an -5% investment returns. Calculate the expected rate of return and standard deviation of returns for this investment.

Acompany using the perpetual inventory system purchased inventory worth $540,000 on account with credit terms of 2/15, n/45. defective inventory of $40,000 was returned 2 days later, and the accounts were appropriately adjusted. if the company paid the invoice 20 days later, the journal entry to record the payment would be

Witch is an example of a non durable good?

Exercise 2-12 cost behavior; high-low method [lo2-3, lo2-4] speedy parcel service operates a fleet of delivery trucks in a large metropolitan area. a careful study by the company’s cost analyst has determined that if a truck is driven 120,000 miles during a year, the average operating cost is 11.6 cents per mile. if a truck is driven only 80,000 miles during a year, the average operating cost increases to 13.6 cents per mile. required: 1.& 2. using the high-low method, estimate the variable and fixed cost elements of the annual cost of truck operation. (round the "variable cost per mile" to 3 decimal places.)