Point estimate of probabilities, Managerial Accounting

Assignment Help:

POINT ESTIMATE OF PROBABILITIES

This approach requires a number of different values for each of the uncertain variables to be selected. These might be values that are reasonably expected to occur but usually 3 values are chosen. These are as follows:

(A) The worst possible outcome.
(B) The most likely outcome.
(C) The best possible outcome.

For each of these 3 values, a probability of occurrence will be estimated.


Related Discussions:- Point estimate of probabilities

Responsibility accounting, Responsibility Accounting This is a term use...

Responsibility Accounting This is a term used to define the measuring of performance of decentralized units, using account results. Responsibility accounting recognizes various

Planning, Planning, Directing, and Controlling A clever sign hanging on...

Planning, Directing, and Controlling A clever sign hanging on the wall of a business establishment: "The Managers are paid to manage the work-- If There Were No Problems we wou

State the capital turnover ratio, Capital turnover ratio  Meaning: th...

Capital turnover ratio  Meaning: this ratio establishes a relationship among net sales and capital employed. Objective: the objective of computing this ratio is to verif

Marginal & absorption costing, select any manufacturing company of your cho...

select any manufacturing company of your choice that produces any product. describe and compare the marginal and absorption costing system used in the selected company

Accounting concepts, implications of applying accounting concepts wrongly

implications of applying accounting concepts wrongly

Accounting for business decision, Predisco ( like myob) online project, ple...

Predisco ( like myob) online project, please let me know if u can do it.

Order acceptance or rejection, Excess machine hours 20,000. Received offers...

Excess machine hours 20,000. Received offers from two companies to buy 210,000 units of F at 0.60 and 300,000 units of D at 0.70. Estimated costs for the two products are;

Traditional and activity based costing, Explain what is meant by traditiona...

Explain what is meant by traditional costing system. Support with example.

Standard costing .., the applicability of standard costing in modern manufa...

the applicability of standard costing in modern manufacturing environments in volatile environments

????? ?? ????, ???? ????? ???? ???? ??????? ???? ??????? ??????? ???. ???? ...

???? ????? ???? ???? ??????? ???? ??????? ??????? ???. ???? ?????? ?????? ?????: (?) ??????? ??????? ??????? ????? ?? ????? ????? ?? (?) ???? ??????? ??????? ?? ???? ???? ????? ?

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd