You own some land that may have oil on it. Based on your expert analysis of the land, you believe there is an x% chance the land has oil. It costs $5 million to drill for oil. If the land has no oil, you will lose the $5 million spent on drilling. Your analysis finds that if the land has oil, there is a 30% chance it will be worth gross revenue of $7 million, a 60% chance it will be worth gross revenue of $13 million, and a 10% chance it will be worth gross revenue of $20 million. Another company is offering to buy your land for $5 million but the deal must be done today. Assuming you make decisions with expected value, and you sell the land as that has the highest expected value, what is the largest value of x% that is consistent with your decision? a. 90%
b. 88%
c. 86%
d. 84%
e. 82%

The 2016 financial statements of the new york times company reveal average shareholders’ equity attributable to controlling interest of $837,283 thousand, net operating profit after tax of $48,032 thousand, net income attributable to the new york times company of $29,068 thousand, and average net operating assets of $354,414 thousand. the company's return on net operating assets (rnoa) for the year is: select one: a. 3.5% b. 6.9% c. 13.6% d. 18.7% e. there is not enough information to calculate the ratio.

Nichols inc. manufactures remote controls. currently the company uses a plantminuswide rate for allocating manufacturing overhead. the plant manager is considering switchingminusover to abc costing system and has asked the accounting department to identify the primary production activities and their cost drivers which are as follows: activities cost driver allocation rate material handling number of parts $5 per part assembly labor hours $20 per hour inspection time at inspection station $10 per minute the current traditional cost method allocates overhead based on direct manufacturing labor hours using a rate of $20 per labor hour. what are the indirect manufacturing costs per remote control assuming an method is used and a batch of 10 remote controls are produced? the batch requires 100 parts, 5 direct manufacturing labor hours, and 3 minutes of inspection time.

The retained earnings account has a credit balance of $24,650 before closing entries are made. if total revenues for the period are $77,700, total expenses are $56,900, and dividends are $13,050, what is the ending balance in the retained earnings account after all closing entries are made?