a bookstore purchases ten books at $6 and resells them at $12. any books not sold in a three month period will be purchased back by the book company at $2. if x is the number of books sold, what is the expected value of the profit, e[h(x)]?
Answers
The estimate of the profit, $10, is determined by the question that is being asked.
What is a company's straightforward definition?A organization is a legal body that a group of men to conduct and manage a business venture, whether it be commercial or manufacturing. Depending on the corporations act 2001 of its country, a corporation may be set up in a variety of ways including tax and financial responsibility reasons.
Briefing:Here, x = 1,2,3,4,...............10
Therefore, \(\bar{x}\) = E(x) = 0+1+2+3+4+...+10/11
= 5
Profit function is
h(a) = Total profit - Total cost
= $12x + $2(10-x)-$6*10
= $(12x+20-2x-60)
= (10x-40)
Therefore, expected profit is
E[h(x)] = E [10x-40]
= 10E(x)-40
= 10*5-40
= $10
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Related Questions
Quinn works for a manufacturing company and is in the process of making a decision about the funding of future projects. Since the company has outlined more potential projects than can actually be funded, Quinn must select those projects that promise the greatest future return for the company. Quinn is involved in the process of:
Answers
Answer: Capital Budgeting
Explanation:
Another name for a bankdraft is
Answers
Answer:
bank chequeExplanation:
HOPE IT HELPS
Answer:
............bank cheque............
Which advice will help Luke, a bank employee, advance in his career?
ОА. Don't waste too much time on academic learning.
OB. Spend as much time as you can socializing with your colleagues.
OC. Agree with everything your manager says.
OD. Maintain a positive attitude toward learning.
Answers
D. Maintain a positive attitude towards learning.
Answer:
D. Maintain a positive attitude towards learning.
Explanation:
what statement best illustrates an example of economic specialist
Answers
do you think the government should help businesses like SJD? justify your answer
Answers
Answer:
yes
Explanation:
coz we're not getting any help
D Question 4 1 pts Managers in the same company are likely to be at the same stages of moral reasoning at any given time. True False Question 7 1 pts At the core of rights reasoning is the belief that: The company's right to a profit must be protected. Respecting others is the essence of human rights. The right to join a union is no longer universally accepted. Economic and political powers determine who is right.
Answers
Match the appropriate stage of morality (in the left column) with the description of the corresponding basis for ethical reasoning (in the right column), if appropriate.
What does a logic example entail?By building a case on specific examples, a sound conclusion can be drawn. In this method, individual examples 1, 2, & 3 result in a broad generalization about the entire issue. For instance, my Sony television, audio, car radio, and video system are all in good working order.
What does logic clarify?In the justification, the "why" or "how" the assertion is supported by the evidence are explained. A description of the underlying scientific idea that gave rise to the evidence or data should be included.
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Write down two or three ways you compare yourself to others.
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a (blank) is a rule or limit placed on the supply of a good or service by the government
Answers
A price ceiling is a rule or limit placed on the supply of a good or service by the government.
Why is there a price ceiling?A price ceiling is the imposed upper limit on what a seller may charge for a good or service. Price ceilings, which are normally established by law, are frequently applied to necessities like food and energy supplies when they become expensive for regular consumers.
A price cap is advantageous to whom?Benefits accrue to individuals who are able to buy the product for the lower price set by the price ceiling, but sellers of the goods and others who are unable to buy the commodity at all suffer.
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A. Identify a profession b. In not more than 60 words, describe the "art" and "science" of such profession in (a).
Answers
Answer:
Comedy as a Profession is a great example.
Explanation:
The science of it is related to the psychology of what makes people laugh.
If studied, one would realize that there are certain things that are bound to make people laugh (all things being equal). An example is when a person makes fun of themself to an audience.
To explain this, scientists have stated that it is inherent in humans to laugh at the misfortune of others. However, this is just a theory and does not explain why we laugh at other kinds of comedy.
A plausible explanation (which is more recent in the parlance of psychology) is that people also laugh when certain expectations are defied in a very witty manner.
As a professional stand-up comedian, knowing all the rules and tricks is just one part of the coin. Being able to, either by practice or repeated efforts during practice, internalize these principles, practice them and effectively use them is the artistic part of the picture.
There those who are gifted naturally with a principle thought process that elicits laughter from others, would be termed hilarious. However, to make a living out of comedy, one would need to fully understand the principles and practice to deliver them as naturally as possible.
Another paradigm to the art of comedy is that, it has to be very witty. Wit many times may come with an element of suprise... a new angle that was previously "unthought" of.
Cheers!
rustici argues that despite the beliefs of most modern economists, the smoot-hawley tariff was significant contributor to the great depression because it had effects beyond trade with other countries. what other effects did the smoot-hawley tariff have on the economy and what impact did they have in terms of the great depression?
Answers
The Smoot-Hawley Act increased tariffs on foreign imports into the United States by approximately 20%. At least 25 countries have responded by raising their own tariffs on US goods. Global trade collapsed, resulting in the negative effects of the Great Depression.
What was the end result of the Smoot-Hawley Act?
It raised price lists and provoked overseas international locations to elevate retaliatory price lists and, as a consequence, made it tougher for American farms and companies to promote abroad.
What did Smoot-Hawley Act do?
Smoot Hawley, was signed by President Herbert Hoover on June 17, 1930. The act increased US tariffs on over 20,000 imported goods. Laws designed to secure revenue, regulate trade with foreign countries, promote U.S. industry, protect U.S. labor, and other purposes.
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On January 1, a company issues bonds dated January 1 with a par value of $330,000. The bonds mature in 5 years, The contract rate is 986 , and interest is pald sembannually on June 30 and December 31 . The market rate is 10% and the bonds are sold for $317254. The journat entry to fecord the first interest payment using straight-line amortization is:
Answers
The journal entry to record the first interest payment using straight-line amortization would be as follows:
Debit: Interest Expense - Straight-line amortization for $1,274.60
Credit: Cash for $1,274.60
Debit: Interest Expense - Straight-line amortization (calculated as (Par Value - Selling Price) / Number of Interest Periods)
Credit: Cash (for the amount of interest payment)
The par value of the bonds is $330,000, and they mature in 5 years. The contract rate is 986, which means the annual interest payment is 9.86% of the par value. Since interest is paid semiannually, each interest payment will be half of the annual interest payment.
To calculate the straight-line amortization, we need to find the difference between the par value and the selling price, which is $330,000 - $317,254 = $12,746. Then we divide this amount by the number of interest periods, which is 10 (5 years x 2 semiannual periods).
The interest expense for each period would be $12,746 / 10 = $1,274.60.
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Jerry's job requires that he wear a suit and tie every day to the office. This is most likely a(n) _____ atmosphere.
Answers
Answer:
I would say a formal or business atmosphere.
Explanation:
The main jobs that require suits are often business atmospheres. However, the wearing of a suit is called formal attire.
Answer:
The answer is formal
Explanation:
I took the quiz and got all of the answers right.
If an economy can produce a maximum of 100 units of good X and the opportunity cost of 1X is always 5Y, then what is the maximum number of units of good Y the economy can produce? Group of answer choices
Answers
Answer:
500 units
Explanation:
Calculation for the maximum number of units of good Y to produce
Using this formula
Maximum number of units to produce=Maximum units of good X × Opportunity cost of 1X
Let plug in the formula
Maximum number of units to produce= 100 units× 5Y
Maximum number of units to produce=500 units
Therefore the Maximum number of units to produce will be 500 units
The main requirement for a trademark is distinctiveness. True False. it is actually TRUE. ignore what other people tell you.I got it wrong and the people saying false is wrong.
Answers
Answer:
Yes, it is True but what exactly is the question? I will edit this once you comment and tell me. If you don't have a question, feel free to delete this.
Explanation:
Answer:
True
Explanation:
Suppose Hondamaha, a motorcycle manufacturing firm headquartered in Japan, builds a production plant in Arizona. This is an example of foreign investment in the United States. Which of the following policies are consistent with the goal of increasing productivity and growth in developing countries? Check all that apply. - Providing tax breaks and patents for firms that pursue research and development in health and sciences - Increasing taxes on income from savings- Protecting property rights and enforcing contracts - Pursuing inward-oriented policies In less developed countries, what does the term brain drain refer to? - Rapid population growth that increases the burden on the system - The emigration of highly skilled workers to rich countries - Lower productivity due to a malnourished workforce - Rapid population growth that lowers
Answers
The following policies are consistent with the goal of increasing productivity and growth in developing countries:
Providing tax breaks and patents for firms that pursue research and development in health and sciencesProtecting property rights and enforcing contractsThe correct options are A and C.
What are productivity and its benefits?Productivity is a metric of economic or business performance that indicates how effectively individuals, businesses, industries, and entire economies convert inputs such as labor and capital into outputs such as goods or services.
Pursuing inward-oriented policies in less developed countries may not be consistent with the goal of increasing productivity and growth, as it can limit access to foreign markets and foreign investment, which can be important sources of capital, technology, and expertise. Increasing taxes on income from savings can also discourage investment and savings, which can reduce economic growth.
Thus, the ideal selection is options A and C.
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Why are entrepreneurs essential to the success of a free enterprise economy?
Answers
Answer:
they help the market respond to changing prices and consumer preferences.
Explanation:
Entrepreneurs are themselves an important ‘factor of production’ and an essential aspect of a functioning free market economy. Importance of entrepreneurs Free market evolution. Entrepreneurs are important in a free market because they help the market respond to changing prices and consumer preferences.
45Q. Club managers ___________- responsible for addressing accounts that are declined throughout the billing process.
Answers
Club managers are responsible for addressing accounts that are declined throughout the billing process. This means that they must ensure that all payments are made on time and in full, and that any issues or discrepancies are addressed and resolved promptly.
This can involve working closely with members and their financial institutions to identify the source of the problem, as well as developing and implementing strategies to prevent future issues from arising.
Some of the key tasks that club managers may be responsible for include reviewing and reconciling account statements, tracking and monitoring payment schedules, and communicating with members about any payment issues or concerns. They may also work with other staff members to develop and implement payment policies and procedures, and to ensure that all financial transactions are properly documented and recorded.
Ultimately, the role of the club manager in addressing declined accounts is critical to ensuring the ongoing financial health and stability of the organization. By taking a proactive approach to financial management and addressing issues as they arise, managers can help to ensure that the club is able to continue providing high-quality services and experiences to its members for years to come.
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Candlewood LLC began its business on March 1, 2022; and it uses a calendar tax and an accounting year. Candlewood incurred $9,500 in legal fees for drafting the LLC's operating agreement and $4,750 in accounting fees for tax advice of an organizational nature, for a total of $14,250 of organizational costs. Candlewood also incurred $14,000 of preopening advertising expenses and $39,500 of salaries and training costs for new employees before opening for business, for a total of $53,500 of startup costs. The LLC desires to take the largest deduction available for these costs.
If required, round any division to six decimal places and use in subsequent computations. Round your final answers to the nearest dollar.
Compute Candlewood's deductions for the first year of its operations for:
a. Organizational expenditures: $fill in the blank 1
b. Startup expenses: $fill in the blank 2
Answers
a. Organizational expenditures: $5,000
b. Startup expenses: $5,000
To compute Candlewood's deductions for the first year of its operations, we need to understand the rules and limitations set by the Internal Revenue Service (IRS) for organizational expenditures and startup expenses.
a. Organizational expenditures:
Organizational expenditures are costs incurred by a business for the creation, organization, or setup of a new business entity, such as legal fees, accounting fees, and costs associated with establishing the business structure. The IRS allows businesses to deduct up to $5,000 of organizational expenditures in the first year of operations.
In this case, Candlewood incurred a total of $14,250 in organizational costs. However, the largest deduction available for organizational expenditures is limited to $5,000. Therefore, Candlewood can deduct $5,000 as its organizational expenditure in the first year of operations.
b. Startup expenses:
Startup expenses are costs incurred before a business starts its official operations, such as preopening advertising expenses and salaries/training costs for new employees. The IRS allows businesses to deduct up to $5,000 of startup expenses in the first year of operations.
In this case, Candlewood incurred a total of $53,500 in startup costs. However, the largest deduction available for startup expenses is limited to $5,000. Therefore, Candlewood can deduct $5,000 as its startup expenses in the first year of operations.
In summary,
a. Candlewood's deduction for organizational expenditures in the first year of operations is $5,000.
b. Candlewood's deduction for startup expenses in the first year of operations is $5,000.
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the uniform limited liability company act (ullca) is a model act that provides comprehensive and uniform laws for the formation, operation, and dissolution of limited liability companies.
Answers
The Uniform Limited Liability Company Act (ULLCA) is indeed a model act that aims to provide comprehensive and uniform laws for the formation, operation, and dissolution of limited liability companies (LLCs).
The Uniform Limited Liability Company Act (ULLCA) is indeed a model act that aims to provide comprehensive and uniform laws for the formation, operation, and dissolution of limited liability companies (LLCs).
Let me break it down for you:
1. Model Act: A model act is a template or a standardized law that serves as a guide for states when creating their own legislation. It helps promote consistency and uniformity in the legal framework across different jurisdictions.
2. Formation: The ULLCA provides guidelines on how to establish an LLC. It outlines the necessary steps, requirements, and procedures for creating a limited liability company. This includes filing the appropriate paperwork, defining the organizational structure, and specifying the roles and responsibilities of the members.
3. Operation: Once the LLC is formed, the ULLCA governs how it should be managed and operated. It covers various aspects such as member rights and obligations, voting rights, decision-making processes, profit sharing, and liability protection. The act also addresses issues related to governance, meetings, record-keeping, and financial reporting.
4. Dissolution: In the event that an LLC needs to be dissolved, the ULLCA provides provisions on how to go about it. This includes the procedures for winding up the company's affairs, liquidating its assets, and distributing the remaining funds among the members. The act also addresses the rights and obligations of the members during the dissolution process.
By implementing the ULLCA, states can ensure that their laws regarding LLCs are consistent and in line with the best practices established by the model act. This promotes clarity, predictability, and fairness in the legal treatment of limited liability companies. However, it's important to note that each state has the autonomy to adopt or modify the ULLCA according to its specific needs and circumstances.
I hope this explanation helps you understand the significance of the Uniform Limited Liability Company Act in establishing a standardized legal framework for LLCs. If you have any further questions, feel free to ask.
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Which statement is true? A savings plan and a budget don't really have anything to do with eachother. It doesn't do much do much good to have a savings plan if you dont know how to budget you money.
Answers
Answer: It doesn't do much do much good to have a savings plan if you dont know how to budget you money.
Explanation:
Budgeting and saving go hand in hand because budgeting enables us know what amount of our money we can save after spending on what we need to maintain our lifestyle.
If we don't have a budget or know how to budget our money, we will not know the amount to put towards a savings plan and if we start a savings plan without budgeting, we might end up in a situation where we have to withdraw from the savings constantly in order to meet our financial obligations.
why is freshness of ingredients important in salad preparation
Answers
The fresher the ingredients of the salad the better and more authentic the taste of the ingredients. This is because fresh ingredients provide the most flavour compared to ingredients contained with preservatives.
Fresh ingredients are also better for your health. Because there aren’t any preservatives and extra chemicals and oils, it fulfills the purpose of the salad.
Although fresh ingredients may not be cheap to buy, in the long run it will be better for you body because it won’t be filled with processed foods. Instead it will be filled with fresh ingredients that are beneficial to your health.
you have $6000 to invest, and you have two options: option a: 4.3% compounded monthly option b: 4.2% compounded continuously. (a) calculate the annual percentage yield for each option. (round your answers to three decimal places.) option a incorrect: your answer is incorrect. % option b 4.393 incorrect: your answer is incorrect. %
Answers
The true rate of return on an investment that takes into account the impact of compounding interest is known as the annual percentage yield (APY). Compared to simple interest, compound interest is calculated frequently and is immediately added to the account balance.
Annual percentage yield, which is based upon a one-year compounding period, normalizes the representation of an interest rate. The use of APY values enables meaningful, one-point comparison of many products with various compounding schedules.
High-yield accounts typically earn rates that are many times higher than standard savings accounts, which can sometimes earn rates as low as 0.01% APY, especially at large national banks. The finest high-yield accounts currently provide rates of roughly 4% APY.
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How many programs does GA technology have related to stem programs
Answers
GA Technology currently offers four STEM programs: Code & Design, Web Development, Data Science, and UX Design.
What are programs?Generally, Programs are sets of instructions that tell a computer what to do. They are written in programming languages such as C, C++, Java, Python, Ruby, and HTML. These instructions tell the computer how to perform tasks such as displaying output, manipulating data, and interacting with users. Programs are used to create applications, websites, and other software.
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7. Name 5 main decision makers in macroeconomics
Answers
Answer:
1. Households
2. Firms
3. Governments
4. "The Rest of the World"
I don't know a good fifth
Explanation:
Perez Company acquires an ore mine at a cost of $2,520,000. It incurs additional costs of $705,600 to access the mine, which is estimated to hold 1,800,000 tons of ore. 220,000 tons of ore are mined and sold the first year. The estimated value of the land after the ore is removed is $360,000. Calculate the depletion expense from the information given.
Answers
The depletion expense for the first year is $393,800.
To calculate the depletion expense, we need to determine the depletion cost per ton of ore mined. Depletion is the allocation of the cost of a natural resource over the units of the resource extracted or used.
First, let's calculate the total cost of acquiring the mine and accessing it:
Acquisition cost of the mine = $2,520,000
Additional costs to access the mine = $705,600
Total cost of the mine = Acquisition cost + Access costs
Total cost of the mine = $2,520,000 + $705,600 = $3,225,600
Next, we calculate the cost per ton of ore:
Cost per ton of ore = Total cost of the mine / Estimated tons of ore
Cost per ton of ore = $3,225,600 / 1,800,000 tons = $1.79 per ton
Now, we can calculate the depletion expense for the first year based on the tons of ore mined and sold:
Depletion expense = Tons of ore mined and sold * Cost per ton of ore
Depletion expense = 220,000 tons * $1.79 per ton
Depletion expense = $393,800
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How many years would it take for money to increase to 3 times the initial amount at an interest rate of 18% per year?
Answers
Answer:
7 years (to the nearest year)
Explanation:
Given that;
A = amount
P= principal
t = time
r = rate
A =3P(given in the question)
Formula for compound interest;
A = P(1 + r)^t
Substituting values;
3P = P(1 + 18/100)^t
3P/P= (1.18)^t
3 = (1.18)^t
log 3 = t log 1.18
t = log 3/log 1.18
t = 0.4771/0.0719
t = 6.6 years
t = 7 years (to the nearest year)
development of regulatory mechanism in banking
Answers
Answer:
The development of regulatory mechanisms in the banking industry has been an ongoing process to ensure the stability and integrity of the financial system.
Explanation:
This includes the implementation of rules and guidelines for banks to follow, as well as the establishment of independent agencies to monitor and enforce compliance. Some examples of regulatory mechanisms in banking include the Basel Accords, which set international standards for bank capital and liquidity, and the Dodd-Frank Wall Street Reform and Consumer Protection Act, which introduced stricter regulations on banks in the wake of the 2008 financial crisis. The goal of these regulatory mechanisms is to protect consumers and investors, prevent financial fraud and abuse, and maintain the overall stability of the banking system.
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A very effective low-temperature insulation is made by evacuating the space between parallel metal sheets. Convection is eliminated, conduction occurs only at spaces, and radiation is responsible for what little heat transfer occurs. Calculate q between 150Kand 100Kfor three cases: (a) two sheets of highly polished aluminum, (b) three sheets of highly polished aluminum, and (c) three sheets of rolled sheet steel.
Answers
Convection is the physical movement of material particles that transfers heat from a location of greater temperature to a region of lower temperature.
The term latent heat refers to the heat required to cause a liquid to evaporate, which is generated by both the liquid and the nearby gas and surfaces. Currently, closed-cell nitrile rubber elastomeric foams, polyurethane, and polyisocyanurate foams are employed for thermal insulation at low temperatures.
Convection is the process of transferring heat by moving medium-borne particle from one location to another. Steels with a low carbon content and a nickel content of 3.5% are frequently utilised in liquid gas storage tanks at -100 °C.
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Zoe is trying to decide how to divide her time between her job as a wedding photographer, which pays $22 per hour for as
many hours as she chooses to work, and as a fossil collector, in which her pay depends on both the price of fossils and the
number of fossils she finds. Earnings aside, Zoe is indifferent between the two tasks, and the number of fossils she can find
depends on the number of hours a day she searches, as shown in the table below:
a. Using this information, compute the lowest price that Zoe would accept per fossil in order to justify her spending more
time collecting fossils and less time working as a wedding photographer.
Instructions: Complete the table below. Enter your responses rounded to the nearest penny (two decimal places).
Hours
per day
1
Lowest price Zoe
Total fossils would accept per
per day
fossil
6
$
2
11
$
3
3
15
$
4
18
$
5
20
$
Answers
The lowest price Zoe would accept per fossil is
Hours per day Lowest price Zoe would accept per fossil
1 $3.67
2 $4.40
3 $5.50
4 $7.33
5 $11
The relationship between the lowest price and the number of fossils collected is called the supply curve.
What is the lowest price Zoe would accept per fossil?
In order to determine the lowest price Zoe would accept per fossil we have to determine the marginal output of fossils per day and then divide the result by $22.
Marginal output of fossils when :
Fossils is 6 per day : 6Fossils is 11 per day : (11 - 6) / (2 - 1) = 5Fossils is 6 per day : (15 - 11) / (3 - 2 = 4Fossils is 6 per day : (18 - 15) / (4 - 3) = 3Fossils is 6 per day : (20 - 18) / (5 - 4) = 2Lowest price :
22/6 = 3.6722/ 5 = 4.422 / 4 = 5.522 / 3 =7.3322 / 2 = 11To learn more about supply curves, please check: https://brainly.com/question/26073189
borrow $100,000 from captive credit corporation. the installment note bears interest at 7 nnually and matures in five years. payments of $1,980 are required at the end of each month for 60 months.
Answers
Over the 60-month term, you will make monthly payments of $1,980, resulting in a total payment of $118,800. The total interest paid on the loan is $18,800.
To determine the total cost and interest paid on the loan, we can calculate the monthly payment amount, the total payment over 60 months, and subtract the original loan amount.
The loan amount is $100,000, and the loan term is 60 months. The interest rate is 7% annually.
To calculate the monthly payment, we can use the formula for the monthly payment on an installment loan:
Monthly Payment = [P * i * (1 + i)^n] / [(1 + i)^n - 1]
Where:
P = Loan principal amount ($100,000)
i = Monthly interest rate (7% / 12 = 0.583% or 0.00583 as a decimal)
n = Number of payments (60 months)
Plugging in the values:
Monthly Payment = [100,000 * 0.00583 * (1 + 0.00583)^60] / [(1 + 0.00583)^60 - 1]
Calculating this expression gives us the monthly payment amount of $1,980.
To calculate the total payment over 60 months, we multiply the monthly payment by the number of payments:
Total Payment = Monthly Payment * Number of Payments
Total Payment = $1,980 * 60
Total Payment = $118,800
Finally, to calculate the total interest paid, we subtract the original loan amount from the total payment:
Total Interest Paid = Total Payment - Loan Amount
Total Interest Paid = $118,800 - $100,000
Total Interest Paid = $18,800
Therefore, over the 60-month term, you will make monthly payments of $1,980, resulting in a total payment of $118,800. The total interest paid on the loan is $18,800.
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