Gibson Manufacturing Corporation expects to sell the following number of units of steel cables at the prices indicated, under three different scenarios in the economy. The probability of each outcome is indicated. Outcome Probability 0.30 0.50 390 Units 235 Price $22 37 47 0.20 550 What is the expected value of the total sales projection? Total expected value Eli Lilly is very excited because sales for his nursery and plant company are expected to increase from $630,000 to $1,350,000 next year. Ell's net assets (assets - liabilities) will remain at 50 percent of sales. His firm will enjoy an 6 percent return on total sales. He will begin the year with $160,000 in the bank and is already bragging about the Jaguar and luxury townhouse he will buy a. Does his optimistic outlook for his cash position appear to be justified? Yes No b. Compute the likely cash balance for the end of the year. (Negative answers should be indicated by a minus sign.) Cash balance Cox Corporation produces a product with the following costs as of July 1, 20XX: Material Labour Overhead $4 per unit 6 per unit 4 per unit Assuming Cox sold 15,000 units during the last six months of the year at $16 each, beginning inventory at these costs on July 1 was 2,500 units. From July 1 to December 31, 20XY, Cox produced 14,000 units. These units had a material cost of $5 per unit. The costs for labour and overhead were the same. a. If Cox uses FIFO inventory accounting, what would be the gross profit for the period? Gross profit b. If Cox uses FIFO inventory accounting, What is the value of ending inventory? Ending Inventory