TylerBerk5309
12.03.2021 •
Business
In the month of November, Ivanhoe Company Inc. wrote checks in the amount of $10,355. In December, checks in the amount of $11,105 were written. In November, $8,250 of these checks were presented to the bank for payment, and $10,730 in December. There were no outstanding checks at the beginning of November. What is the amount of outstanding checks at the end of November
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Ответ:
expected return 12.60%
Explanation:
we have to weight the outcomes:
we multiply the return consiering the probability of occurrency then, we add them to know the expected return o nthe investment which, in this case, is 12.60%