The company should acquire additional information from the consultants to be sure about the…
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Write an eight to ten (8-10) page paper in which you: Provide Part I: Revision of A Problem Exists..April 25, 2021Debates on whether the converged International Financial Reporting Standards have resulted in…April 25, 2021a) The company should acquire additional information from the consultants to be sure about the existance of oil.b) The forecast is usually correct, but can be incorrect. Imperfect information is not as valuable as perfect information. The value of information (either perfect or imperfect) may be calculated as follows:Expected Profit (Outcome) with the information LESS Expected Profit (Outcome) without the information == 0.8*0.95*(70 – 10 – 3) – 0.8*(70 – 10) = -4.68 million. “Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!” “Is this question part of your assignment? We Can Help!”
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