You have received three shipments of iron ore of the following weights: 2852, 1578, and 1877 lb.
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You have received three shipments of iron ore of the following weights: 2852, 1578, and 1877 lb. There is an uncertain gives 36.28 0.04%, 22.68 0.03%, and 49.23 0.06%, respectively. You are to pay $300 per ton of iron. What should you pay for these three shipments and what is the uncertainty in the payment?
Related Book For
Cornerstones of Financial and Managerial Accounting
ISBN: 978-0324787351
1st Edition
Authors: Rich Jones, Mowen, Hansen, Heitger
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