1. BLP Corporation reported wages expense of $224,000, wages payable of $89,400 at the beginning of the year and wages payable of $71,300 at the end of the year. Cash payments for wages during the year were:
A. $205,900
B. $224,000
C. $242,100
D. $295,300
2. Central Metals, Inc. is considering investing in silver mine. An investment of $500,000 would be made for one year with the following potential outcomes:
|
Rate of Return |
Probability of Outcome |
|
150% |
0.10 |
|
60% |
0.25 |
|
35% |
0.50 |
|
(100%) |
0.1 |
The expected rate of return for this investment is:
