Calculate the coefficient of variation of the following distributions and identify which distribution has the greatest risk. Distribution 1 Distribution 2 Distribution 3
Outcome Prob Outcome Prob Outcome Prob
$100 0.10 $100 0.20 $0 0.30
$400 0.20 $500 0.30 $200 0.10
$800 0.70 $600 0.50 $1000 0.60

Required:
a. Assume that a loss history is normally distributed with a mean of $5,000 and a standard deviation of $1,500. Whatâs the probability that the next loss will be greater than $5,750?
b. If the risk manager is willing to tolerate 2% chance that costs will be greater than the maximum probable loss, what is the maximum probable loss level?

The cook corporation has two divisions--east and west. the divisions have the following revenues and expenses: east westsales $ 603,000 $ 506,000 variable costs 231,000 300,000 traceable fixed costs 151,500 192,000 allocated common corporate costs 128,600 156,000 net operating income (loss) $ 91,900 $ (142,000 )the management of cook is considering the elimination of the west division. if the west division were eliminated, its traceable fixed costs could be avoided. total common corporate costs would be unaffected by this decision. given these data, the elimination of the west division would result in an overall company net operating income (loss) of: multiple choice$91,900$(64,100)$(142,000)$(50,100)

For the year, uptowne furniture had sales of $818,790, costs of $748,330, and interest paid of $24,450. the depreciation expense was $56,100 and the tax rate was 34 percent. at the beginning of the year, the firm had retained earnings of $172,270 and common stock of $260,000. at the end of the year, retained earnings was $158,713 and common stock was $280,000. any tax losses can be used. what is the amount of the dividends paid for the year? a. $6,466 b. $7,566 c. $5,266 d. $6,898 e. $7,066

The "ideal" business, according to richard buskirk of the university of southern california: has many diverse employees.has a few, carefully selected employees.has many homogeneous employees.is a "one-man show".