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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

150%

0.10

60%

0.25

35%

0.50

(100%)

0.1

Determine the expected rate of return for this investment. 

 

Cost Accounting, Accounting

  • Category:- Cost Accounting
  • Reference No.:- M922279

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