Question
A toy company is in the process of forecasting sales for a new toy. The company has the following estimates of unit sales with a
A toy company is in the process of forecasting sales for a new toy. The company has the following estimates of unit sales with a corresponding probability distribution:
Unit Sales | Probability | ||
| | ||
550,000 | 20% | ||
475,000 | 35% | ||
350,000 | 45% |
How many units should the company forecast for sales of the new toys?
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A.350,000
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B.433,750
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C.458,288
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D.1,375,000
A company has $100 million of debt that is due in March Year 3. In December Year 2, the company entered into a non-cancelable agreement with its lender to refinance the debt with the same interest rate, and the full principal is due in December Year 5. How should the debt be classified on the December Year 2 balance sheet of the company?
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A.Classified as a current liability.
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B.Classified as a long-term liability.
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C.Considered as an off-balance-sheet liability.
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D.Classified as a contingent liability.
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