Question1: BVP Corporation reported wages expense of $224,000, wages payable of $89,400 at the starting of the year & wages payable of $71,300 at the end of the year. Determine cash payments for wages during the year.
[A] $242,100
[B] $295,300
[C] $205,900
[D] $224,000
Question2: Central Metals, company is considering investing in silver mine. An investment of $500,000 would be made for 1 year with the following potential outcomes:
|
Rate of Return
|
Probability of Outcome
|
|
150%
|
0.10
|
|
60%
|
0.25
|
|
35%
|
0.50
|
|
(100%)
|
0.1
|
Determine the expected rate of return for this investment.