Which option should Patrick choose to maximize income assuming there is a 40% probability that 70 units will be sold and a 60% probability that 40 units will be sold?

When Thomas Cook organized the first group tour, he was serving as a(n) _______.

Fill in the blank(s) with the appropriate word(s).

The final step in the process of creating the master budget is the preparation of the ________

A) operating budget B) budgeted balance sheet C) budgeted statement of cash flows D) cash budget