At the beginning of September 2006, RFI Company reported Merchandise Inventory of $4,000. During the month, the company made purchases of $7,800. At September 30, 2006, a physical count of inventory reported $3,200 on hand. Cost of goods sold for the month is

A company is considering producing some new Gameboy electronic games. Based on past records, management believes that there is a 70 percent chance that each of these will be successful, and a 30 percent chance of failure

Market research may be used to revise these probabilities. In the past, the successful products were predicted to be successful based on market research 90 percent of the time. However, for products that failed, the market research predicted these would be successes 20 percent of the time. If market research is performed for a new product, what is the probability that the product will be successful if the market research indicates a success? A) 0.10 B) 0.90 C) 0.91 D) 0.63 E) 0.09

There is some evidence that sexual harassment charges can influence the value of a company's stock by

A) about half a percent. B) between one and two percent. C) between 5 and 30 percent. D) there is no such evidence of an impact on stock price.