Alexa Industries Has the Following Amounts Budgeted for Selling and Administrative

question 11

Multiple Choice

Alexa Industries has the following amounts budgeted for selling and administrative expenses for February: What amount will Alexa report on its February cash budget for selling and administrative expenses?

• A)$154,400
• B)$148,000
• C)$169,200
• D)$156,000

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Definitions:

EMV

Expected Monetary Value; a financial concept that calculates the average outcome when the future includes scenarios that may or may not happen.

Decision Tree

A graphical representation used to visualize the path of decisions and their possible consequences, including outcomes, resources, cost, and utility.

Revenue Management

Revenue Management is the strategic analysis and optimization of sales and inventory to maximize profitability, often used in airline, hotel, and other service industries.

Expected Value

The anticipated value of a random variable, computed as the weighted average of all possible values it can take on, based on their probabilities.