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problem1:  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

problem2: 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









Determine the expected rate of return for this investment. 


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