Financial management, finance, Other Engineering

Sharpe Knife Company expects sales next year to be $1,500,000 if the economy is strong, $800,000if the economy is steady, and $500,000if the economy willb e strong, a 50 percent probability of steady economy, and a 30 percent probability of a weak economy. What is the expected level of sales for the next year?
Posted Date: 2/11/2012 2:24:06 PM | Location : United States

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