There is an athletic organization named Jingle Jangle plans to invest P100,000 to host soccer game. They expect to sell tickets worth P1,500,000 .However, if it rains on the day of game, they won't sell any tickets and the organization will lose all the money invested.  Will you consider this a good investment, if the weather forecast on the day of game is 20 percent possibility of

Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
Chapter26: Capital Budgeting (capbud)
Section: Chapter Questions
Problem 5R
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There is an athletic organization named Jingle Jangle plans to invest P100,000 to
host soccer game. They expect to sell tickets worth P1,500,000 .However, if it
rains on the day of game, they won't sell any tickets and the organization will lose all the money invested.  Will you consider this a good investment, if the weather forecast on the day of game is 20 percent possibility of rain? 

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