Apayoff table is given as

choices

x

y

z

states of nature

probability

a

.2

250

300

600

b

.5

750

-250

500

c

.3

500

1200

500
". a. recommend a decision for each of the following: optimistic, conservative and minimax regret. b. what is the expected payoff under uncertainty for each choice? what is the best choice? c. what is the expected payoff under certainty (making the best choice for each state of nature)? d. what is the expected opportunity loss for selecting choice z? e. what is the expe cted value of perfect information? "

When color is used on a topographical drawing, black is used to represent what?

Cherokee inc. is a merchandiser that provided the following information: amount number of units sold 20,000 selling price per unit $ 30 variable selling expense per unit $ 4 variable administrative expense per unit $ 2 total fixed selling expense $ 40,000 total fixed administrative expense $ 30,000 beginning merchandise inventory $ 24,000 ending merchandise inventory $ 44,000 merchandise purchases $ 180,000 required: 1. prepare a traditional income statement. 2. prepare a contribution format income statement.

Frost corporation incurred the following transactions during its first year of operations. (assume all transactions involve cash.) 1) acquired $1,900 of capital from the owners. 2) purchased $435 of direct raw materials. 3) used $290 of these direct raw materials in the production process. 4) paid production workers $490 cash. 5) paid $290 for manufacturing overhead (applied and actual overhead are the same). 6) started and completed 250 units of inventory. 7) sold 140 units at a price of $6 each. 8) paid $130 for selling and administrative expenses. the amount of raw material inventory on the balance sheet at the end of the accounting period would be: