The following payoff table provides profits based on various possible decision alternatives and various levels of demand at Robert Klassan's print shop: Demand Low High Decision Alternative 1 $8,000 $

Answers

Answer 1

The maximum EMV is $14000, and the decision alternative that should be selected based on this criterion is Decision Alternative 2, which yields the highest EMV of $14000.

The following payoff table provides profits based on various possible decision alternatives and various levels of demand at Robert Klassan's print shop: Demand Low High Decision Alternative 1 $8,000 $14,000 Decision Alternative 2 $10,000 $20,000 Decision Alternative 3 $6,000 $18,000

What is the maximum EMV and the decision alternative that should be selected based on this criterion?

The expected monetary value (EMV) is a statistical calculation that represents the average value of all the possible outcomes of a decision alternative. It is calculated by multiplying each outcome by its probability of occurrence and adding up the results. The alternative with the highest EMV is the one that should be chosen.

Here, the expected monetary value (EMV) for each decision alternative is:

EMV(DA1) = (0.4 × 8000) + (0.6 × 14000) = $10000

EMV(DA2) = (0.4 × 10000) + (0.6 × 20000) = $14000

EMV(DA3) = (0.4 × 6000) + (0.6 × 18000) = $10800

Therefore, the maximum EMV is $14000, and the decision alternative that should be selected based on this criterion is Decision Alternative 2.

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Related Questions

Customers are _________________ to expect low prices when they come in.

Answers

Customers are more likely to except low prices.

Why do customers prefer Low Prices?

A service or product can enter the market more easily and draw customers away from rivals by offering a lower price. Pricing for market penetration focuses on the tactic of utilizing initially cheap prices to make a large customer base aware of the a new product.

The majority of customers favor shops that consistently appear to offer lower pricing than the competitors. Examples are Walmart and Costco for consistently low costs.

Lower Prices saves Consumer's time

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I WILL GIVE BRAINLIEST!!!

What needs to happen to prevent scarcity from re-occurring in the future?

Answers

Answer:

Government shouldn't increase the rate of tax

plants should be planted

Natural resources should be utilize properly

water resources should be kept clean

Explanation:

........

What does the hospitality industry contribute to an economy?

Answers

Answer:

Explanation:

The greatest perceived socio-economic impacts of the hospitality sector are increased employment, improved living standards, greater tax revenues to State and local governments, and growth in local retail sales. Hospitality sector encompasses many sub-sectors: lodging, food services, gaming, cruise lines, travel, etc.

Answer:

The greatest perceived socio-economic impacts of the hospitality sector are increased employment, improved living standards, greater tax revenues to State and local governments, and growth in local retail sales. Hospitality sector encompasses many subsectors: lodging, food services, gaming, cruise lines, travel, etc.

Explanation:

which verbal customer service skill avoids using terms and acronyms that won't mean much to people outside organization

Answers

The verbal customer service skill avoids using terms and acronyms that won't mean much to people outside organization is verbal communication skills.

What is verbal communication skill?

Verbal communication refers to the ability of an individual who is a  customer service representative to use the right and appropriate word to communicate to the customer. This done to please the customer.

Therefore, The verbal customer service skill avoids using terms and acronyms that won't mean much to people outside organization is verbal communication skills.

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The HR manager is considering giving more full-time contracts. Would you recommend Top Hotels offer more employees full-time contracts? Justify
your answer.

Answers

Answer:

Yes

Explanation:

Yes, I would recommend offering more employees full-time contracts. This is because having employees that know the ins-and-outs of a company is extremely valuable. These employees are able to function with less supervision and think ahead in order to prevent problems before they occur, as well as solve current situations quickly and efficiently. By working full-time they ultimately grow with the company and are able to progress faster. This is incredibly valuable for a company and can greatly increase profits in both the short-term and long-term

is Jesus real? i'm so confused even though i am a Christian, i still don't believe that jesus is real

Answers

Answer:

i dont see any proof so nope he aint real

Explanation:

Answer:

Jesus is real

Explanation:

He is the son of the lord, and died for your sins. It's also been scientifically proven that he is real How could he not be real.

___ analysis is a type of what-if analysis that attempts to examine how sensitive the results are to changes in assumptions

Answers

A sensitivity analysis is the type of what-if analysis that attempts to examine how sensitive the results are to changes in assumptions

What is a sensitivity analysis?

This refers to the assessment of the sensitivity of a mathematical model to its modeling assumptions.

However, In statistics, the sensitivity analysis are used to determine how sensitive inferences made using a particular model are to the parameters of that model.

Hence, the sensitivity analysis is the type of what-if analysis that attempts to examine how sensitive the results are to changes in assumptions

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What are the two basic types of labor available?
The two basic types of labor force available are____ and ____.
drop-down menu.
1) skilled, overpaid, or local
2) unskilled, underpaid, or uncontrolled

Answers

The two basic types of labor force available are 1. skilled, overpaid and unskilled.

What are types of labor ?

Skilled labor is defined as a type of labor that necessitates specialized expertise, training, or experience. The demand for this particular form of work is generally quite substantial, thus leading to the possibility of attaining a higher salary.

Unskilled labor pertains to labor which does not demand specialized expertise, instruction, or prior experience. This particular category of work typically experiences diminished demand and subsequently receives lower compensation.

The sought-after form of labor is contingent upon the prevailing economic circumstances.  

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Products that cost a lot of money but that people buy anyway because of the status and exclusivity that they project to others are called

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Products that cost a lot of money but that people buy anyway because of the status and exclusivity that they project to others are called prestige products.

Prestige products are products that are of a high quality, high value and costly which are often purchased by people because of the benefit they will derived from it.

Most people tend to buy prestige products in order to increase their status in the society and they will often go for the product without minding how costly the product are.

Example of prestige product is buying a luxury car or items such as wrist watch that are very expensive.

Inconclusion products that cost a lot of money but that people buy anyway because of the status and exclusivity that they project to others are called prestige products.

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provided that such growth estimates (made by wall street analysts who are interested in tracking this stock) turn out to be unbiased and accurate, shall we expect cat's equity value to grow faster in next 5 years than in past 5 years, or to grow more slowly than before?

Answers

Revenue has been flat over the last 3 years. Earnings per share has grown by 5.3%. Revenue is forecast to grow by 13% in 2 years. Earnings is forecast to grow.

What is Revenue ?

Revenue in accounting refers to the total income from sales of products and services that are directly related to the company's core operations. Sales or turnover are other terms for commercial revenue. Some businesses get money from interest, royalties, or other payments.

\The term "revenue" can refer to income in general or to the total amount of money earned over a certain period of time, as in "Last year, Company X had revenue of $42 million." Profits or net income often represent total revenue less total expenses for a specific time period. Revenue is sometimes referred to as the "top line" in accounting since it increases equity in the Equity portion of the balance statement.

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Thomas Company has a sales budget for next month of $1,000,000. Cost of goods sold is expected to be 25 percent of sales. All goods are paid for in the month following purchase. The beginning inventory of merchandise is $50,000, and an ending inventory of $64,000 is desired. Beginning accounts payable is $160,000.
For Thomas Company, the ending accounts payable should be:
A. $341,000
B. $356,000
C. $314,000
D. $414,000

Answers

Answer:

$264,000

Explanation:

Calculation for the ending accounts payable

First step is to find the cost of goods sold

Using this formula

Cost of goods sold=Sales budget * Sales percentage

Let plug in the formula

Cost of goods sold=$1,000,000*25%

Cost of goods sold=250,000

Second step is to calculate for the ending accounts payable

Using this formula

Ending accounts payable=Ending inventory + Cost of goods sold - Beginning inventory

Let plug in the formula

Ending accounts payable= $64,000 + $250,000 - $50,000

Ending accounts payable= $264,000

Therefore the Ending accounts payable will be $264,000

Due Jan 1
What does this quote mean to you?
"There is no end to education. It is not that you read a
book, pass an examination, and finish with education.
The whole of life, from the moment you are born to
the moment you die, is a process of learning." Jiddu
Krishmamurti
100 points
O class comments
Your answer (visible to other students)

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Answer:

This quote means we keep learning and never stopping. The only time we stop learning is when we die. But till then, we must continue learning n improving our knowledge

During the​ year, Company had net credit sales of. At the end of the​ year, before adjusting​ entries, the balance in Accounts Receivable was ​(debit) and the balance in Allowance for Bad Debts was ​(credit). If the company uses an income statement approach to estimate bad debts at ​%, what is the ending balance in the Allowance for Bad Debts​ account?

Answers

Accounts Receivable should be credited and the Allowance for Doubtful Accounts should be debited when a specific account is determined to be uncollectible.

How are net sales divided by net credit sales calculated?

Net Credit Sales are calculated as follows: Gross Credit Sales – Allowances – Returns – Discounts.

Average Collection Period = 365 days * (Accounts Receivable – Net Credit Sales).

Receivables turnover is calculated as net credit sales minus the average amount owed.

Is the allowance technique of accounting for uncollectible accounts used to deduct bad debt expense?

The allowance approach requires an estimate of bad debt expense, which is then accrued at the time of the related transaction. When an account is truly written off, the accounts receivable are credited while the allowance for doubtful accounts are deducted.

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pls clear hand writing
a) Define annuity and provide TWO (2) examples of annuity. (4 marks) b) Find the future values and the interest earned for the following annuities: RM2,450 every 2 months for 1 year 8 months at 6% com

Answers

a. An annuity refers to a series of regular payments or receipts made at fixed intervals over a specified period. b. Interest Earned ≈ RM1,199.69

a) An annuity refers to a series of regular payments or receipts made at fixed intervals over a specified period. It involves a stream of cash flows that can be either received or paid out. Two examples of annuities are:

Mortgage Payments: Monthly mortgage payments made by homeowners to repay their home loans can be considered an example of an annuity. These payments are made at regular intervals (usually monthly) over a predetermined period until the loan is fully paid off.

Retirement Pension: A pension received by a retiree on a monthly basis is another example of an annuity. Retirees often receive a fixed amount of money from their pension funds or retirement savings at regular intervals, providing them with a steady income throughout their retirement years.

b) To calculate the future values and interest earned for the given annuity of RM2,450 every 2 months for 1 year 8 months at a 6% compound interest rate, we can break it down into individual periods and use the formula for the future value of an annuity.

First, we need to determine the total number of periods. In this case, there are 1 year and 8 months, which is equivalent to 20 months. Since the payments are made every 2 months, there will be 20/2 = 10 payment periods.

Next, we can use the future value of an annuity formula:

Future Value = Payment Amount * [(1 + Interest Rate)^Number of Periods - 1] / Interest Rate

Substituting the given values:

Payment Amount = RM2,450

Interest Rate = 6% per annum / 12 months = 0.06/12 = 0.005

Number of Periods = 10

Future Value = RM2,450 * [(1 + 0.005)^10 - 1] / 0.005

Future Value = RM2,450 * (1.005^10 - 1) / 0.005

Future Value ≈ RM26,199.69

To calculate the interest earned, we subtract the total payments made from the future value:

Interest Earned = Future Value - (Payment Amount * Number of Periods)

Interest Earned = RM26,199.69 - (RM2,450 * 10)

Interest Earned ≈ RM1,199.69

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Here is selected financial statement data regarding a company's property, plant, and equipment. Balance Sheet: Dec. 31, 2018 Dec. 31, 2017 Property, plant, and equipment $ 563,000 $ 294,000 Accumulated depreciation 286,000 237,000 Income Statement: 2018 Depreciation expense $ 105,000 Gain on sale of property, plant, and equipment 26,000 During the year, PPE with a book value of $23,000 were sold. In the statement of cash flows, the investing activities section should show a cash disbursement for "purchases of property, plant, and equipment" for $ _________.

Answers

Answer:

$292,000

Explanation:

price of old equipment sold = $26,000 + $23,000 = $49,000 (cash inflow)

new equipment purchased = $563,000 - $294,000 + $23,000 = $292,000 (cash outflow)

cash flow from investing activities:

cash disbursed for purchasing new equipment = ($292,000)

cash received from sale of old equipment = $49,000

net cash flow from investing activities = ($243,000)


One of the best methods for understanding a company's policies and procedures is
asking coworkers questions.
doing what you think is best.
checking in with a supervisor.
emailing the company president

Answers

Answer:c

Explanation:

for edg 2020 exam

For understanding company's policies and procedures, the best method is to check with the supervisor. Option (c) is correct.

What are Policies?

A purposeful set of rules designed to direct behavior and produce logical results is called a policy. A policy is a declaration of intent that is carried out through a method or protocol. Typically, a governance board inside a company adopts.

Workplace efficiency is improved through company rules and practices. They guarantee consistency, equity, and adherence to US labor regulations. Additionally, policies inform your staff of what is and is not tolerated. Additionally, they enhance the workplace environment for all employees by reflecting the values of your business.

Therefore Option (c) is correct. The best methods for understanding a company's policies and procedures is checking in with a supervisor.

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✨✨✨ MODĒRATORS!! HELP ME •_•✨✨✨


Write the steps in registering your business. Record them in the correct order. Do this in your answer sheet. (LOOK AT THE PICTURE)​

 MODRATORS!! HELP ME _Write the steps in registering your business. Record them in the correct order.

Answers

289292928183281882822

What is the difference between productive and service oriented professions Explain with examples​

Answers

Answer:

Explanation:

Product vs Service Business

While it may seem to go against traditional thinking, in some ways there is very little difference between product based and service based companies. In actuality, both sell a product. The distinction between the two is that the product business sells a physical, tangible product, while the service business owner sells his skills as the primary product. In the service-based business, customers purchase the skills of a service provider or owner, such as a plumber or lawyer, This type of business has a strong emphasis on the client relationship and makes the customer's user experience very important. Product-based businesses, on the other hand, deliver physical products that are reasonably consistent in quality for each customer, making the customer experience fairly predictable.

Local or Global Consumer Markets

In general, when consumers are looking for new solutions they try to distinguish the different services/products of business and industry in the locality where they reside. As such, businesses need to target their product and service based businesses to the appropriate markets. Consumers located anywhere in the global market can purchase a product via the internet as long as they can have their purchase delivered locally and cost effectively. However, most service businesses can only provide services to customers within their local target market. For example, while a computer store can ship computers all over the world, a hairstylist will only attract clients within a reasonable driving distance from her home or business. As a result, businesses need to consider how their customer base will influence their marketing efforts.

pl. make it as brainliest if it's helpful to you...!!

Are the following statements true or false? Explain in each case.
“Two countries can achieve gains from trade even if one of the countries has an absolute advantage in the production of all goods.”
“Certain very talented people have a comparative advantage in everything they do.”
“If a certain trade is good for one person, it can’t be good for the other one.”
“If a certain trade is good for one person, it is always good for the other one.”
“If trade is good for a country, it must be good for everyone in the country.”

Answers

1. True. Even if one country has an absolute advantage in the production of all goods, both countries can still benefit from trade if the other country has a comparative advantage in the production of certain goods.


2. False. Even the most talented people are not good at everything but they might be better at some things than others, but they cannot be excellent at everything.


3. False. Trade can be beneficial for both parties involved. 

4. False. Trade can be beneficial for one party but not necessarily for the other. 

5. False. International trade can have negative consequences for certain groups of people.

The exchange gain or loss on repatriated funds from a foreign branch is calculated by multiplying the nominal amount of the funds by: Group of answer choices the difference between the exchange rate at the beginning of the year and the exchange rate at the end of the year. the difference between the exchange rate on the date of repatriation and the exchange rate used to translate the branch's pretax income. the difference between the current exchange rate and the exchange rate at the end of the year. the difference between the exchange rate on the date of repatriation and the exchange rate at the beginning of the year.

Answers

Answer: the difference between the exchange rate on the date of repatriation and the exchange rate used to translate the branch's pretax income.

Explanation:

Repatriation simply means converting of foreign currencies into local ones. Earning of income in foreign currencies, by a comoany are typically subject to risk regarding foreign exchange which could bring about a loss.

It should be noted that the exchange gain or loss on repatriated funds from a foreign branch is calculated when the nominal amount of the funds is multiplied by the difference between the exchange rate on the date of repatriation and the exchange rate used to translate the branch's pretax income.

A major disruption in financial markets characterized by sharp declines in asset prices and firm failures is called a.

Answers

A major disruption in financial markets characterized by sharp declines in asset prices and firm failures is called a financial crisis.

A financial crisis occurs when the value of financial assets and instruments drastically declines. As a result, firms struggle to pay their debts, and financial institutions lack the cash or convertible assets needed to fund initiatives and take care of urgent demands.

Falling US housing values and an increase in the number of borrowers unable to make loan payments were the GFC's main causes. Around the middle of 2006, the supply of newly constructed homes in some places grew quickly, and house prices in the United States reached their peak.

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A major disruption in financial markets characterized by sharp declines in asset prices and firm failures is called a financial crisis.

During a financial crisis, asset values endure a sharp decrease in value, firms are unable to pay their loans and financial institutions face a shortage of liquidity. During a panic or bank run, investors sell off their assets or withdraw cash from savings accounts out of fear that their value will decline if they keep them in a financial institution. This is a common feature of the financial crisis.

The deflation of a credit boom, a stock market collapse, a sovereign default or a currency crisis are further circumstances that could be classified as a financial crisis. A financial crisis might only affect certain banks, or it might affect the entire global economy or just one particular economy.

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The owner of the rapids river rafting company wants to advertise to a broader customer base as a way to increase revenue. Employees are a little resistant to his plan. What is one way he can persuade them that this is a good idea?

Answers

Answer:

Document ways diversity played a crucial role for business in the past

Explanation:

River rafting refers to the activity of moving quickly in a small boat along rivers

The owner of the rapids river rafting company wants to advertise to a broader customer base as a way to increase revenue.

But the employees are a little resistant to his plan.

For this document ways, diversity has played a crucial role in business in the past.

So, he can follow such ways.

please help me!!! I literally have no clue what it is​

please help me!!! I literally have no clue what it is

Answers

Answer:

Critical Thinking,Mathematics, and Operation and Control.

Explanation:

What is one of the key goals of unions?

A: to encourage more workers to form unions

B: to ensure that employers heed environmental laws

C: to get wage increases for their members

D: to engage in featherbedding

Answers

Answer:

l think to encourage more workers to form unions

Explanation:

please follow me

Answer: C

Explanation:

what statements from the client's focused interview correlate to the abnormal inspection findings? (select all that apply.)

Answers

The statements from client's focused interview correlate to abnormal inspection findings are past surgical history of an appendectomy and change in body mass index (BMI).

What is body mass index?

Using a person's mass (weight) and height, the body mass index (BMI) is calculated. The body mass index (BMI) is stated in units of kg/m2 and is calculated by dividing the body weight in kilograms by the height in meters. A table or chart that presents BMI as a function of mass and height using contour lines or colors for different BMI categories, and which may use other units of measurement, may be used to calculate BMI. Based on tissue mass and height, a person's BMI can be used as a convenient generalization to classify them as underweight, normal weight, overweight, or obese.

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yall anyone give me a mission statement to use please !!!!!

Answers

Answer:

need to know what its about?

Explanation:

where does wigand go after his phone call with bergman (which took place after the meeting with his former company)?
a. the arcade b. the bowling alley c. the driving range d. to play putt-putt go

Answers

After Wigand's phone call with Bergman, which took place following his meeting with his former company, he goes to option C: the driving range.

The driving range is a location where individuals can practice their golf skills, particularly focusing on their swing and hitting golf balls. Wigand chooses this activity as a means to decompress and reflect on his recent experiences. It offers him a chance to clear his mind and think about the implications of his actions, as well as the potential consequences he may face. As a result, the driving range provides Wigand with an environment that allows him to destress and gain perspective on his situation.

Therefore, the correct answer is C: the driving range.

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A passive fund manager would be most likely to do which of the following ?A- Research the stocks in the benchmakr's portfolio extensively so as to align with itB- Align with both the market and individual funds by using competitive informationC- Beat the Benchmark Index performance by achivieng a higher returnD- Match the fund's performance to the benchmark index 's performance

Answers

A passive fund manager would be most likely to do Match the fund's performance to the benchmark index's performance. Thus the correct option is D.

What is a Passive fund?

Funds that are managed passively stick to an index. High turnover may potentially be a problem for passively managed funds since the fund will experience it if the index experiences it. It results in lower risk, flexibility, effective tax rates, and ease of use.

An objective of a passive fund manager is to monitor the performance of a specific index or stock market. The index that passive managers are seeking to track and use to rebalance the fund are at odds with one another.

Therefore, option D is appropriate.

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A rising GDP and a falling unemployment rate are most likely indicators that an economy is in which phase of the business cycle?

answer: expansion

Answers

A rising GDP and a falling unemployment rate are most likely indicators that an economy is in the expansion phase of the business cycle.

During the expansion phase, the economy experiences an increase in economic activity and employment opportunities, resulting in a rise in GDP and a decline in unemployment rate. This phase is typically characterized by increased consumer and business spending, rising stock prices, and increasing confidence in the economy. The expansion phase is usually followed by the peak, recession, and trough phases in the business cycle.

The business cycle refers to the fluctuation of economic activity in an economy over time. It is typically characterized by alternating periods of expansion and contraction, with the peak, recession, and trough phases in between. Various factors contribute to the business cycle, including consumer spending, business investment, and government policies.

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In economics, actions by individuals and interest groups designed to influence public policy in a manner that will either directly or indirectly redistribute more income to themselves are known as.

Answers

In economics, actions by individuals and interest groups designed to influence public policy in a manner that will either directly or indirectly redistribute more income to themselves are known as rent seeking

Economics focuses on the actions and interactions of economic agents as well as the operation of economies. Microeconomics examines what are thought of as the fundamental components of the economy, such as the activities of individual agents and markets as well as the interactions that result from those actions. Households, businesses, buyers, and sellers are just a few examples of individual agents. The study of macroeconomics examines the economy as a system in which production, consumption, saving, and investment coexist, as well as factors influencing it such as the employment of labor, capital, and land resources, currency inflation, economic growth, and public policies that have an effect on these components.

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Carbohydrate residues attached to the membrane lipids are: Carbohydrate residues attached to the membrane lipids are: always positioned on the intracellular side of the membrane. always positioned on the inside center of the bilayer. always positioned on the extracellular side of the membrane. always positioned equally on both sides of the membrane. also covalently attached to membrane proteins. Describe the main reaction that Harry has to the men in the portraits. Use detailsfrom the text to support your answer. How have Buddhist and Jain teachings influenced modern human rights activists, such as Mohandas Gandhi? Which of the following explains why the United States declared war on Japan? aThe Battle of Midway bThe Pearl Harbor attack cThe Potsdam Declaration dThe Yalta Conference An anti-inflammatory drug at a dosage of 1.5 mg/kg is ordered for a child weighing 74.8 lbs. The drug is available at a concentration of 125 mg/4 ml. 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(no creer) No. ____. 4. Parece que tus paps ya llegaron del viaje. (no ser cierto) No. _____. 5. Nuestros compaeros de clase fueron al gimnasio ayer. (no ser probable) No. ______. 6. Supe que tu antigua (former) novia adelgaz 5 kilos. (no creer)No. _______. 7. Mis tos estuvieron a dieta por ms de diez aos. (no ser verdad) No. _______. 8. Ramn dijo que hizo ejercicio todo el fin de semana. (no ser seguro) No. ________. 9. Mi mam vendi su casa de las afueras. (no ser posible) No. ______. 10. Tus primos empezaron a llevar una vida sana. (ser improbable) No. _____ Kelly and Karla were roommates at Lynn University and graduated last May. While on a post-graduation celebration trip to Costa Rica, the two women began exploring the idea of opening a restaurant on South Beach in Miami, Florida. Neither has any previous experience in starting or operating a restaurant, but both have extensive connections in the Miami-Dade area because of the many friends they made while attending Lynn. They intend to attract health-minded, college-age students to their new restaurant, The SoBe Health Hut. Kelly and Karla agree that each will invest equally in terms of time and money. However, in addition to these equal contributions, another $100,000 is essential for the restaurant to succeed.1) Explain the key elements of and the differences between -- a sole proprietorship, a general partnership, a limited liability partnership, and a corporation. (65%)2) What type of the above four business entities is best suited for The SoBe Health Hut and why? In your answer, explain who will manage the store and what personal liabilities will Kelly and Karla face and why? (35%)You shall be graded on your complete and proper explanations, research and language usage, all as noted below. The report must be no more than 1,000 words and is to be submitted in typed, double-spaced form. A report that does not follow this form will be deducted per the grading rubric. 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ABC Ltd acquired an item of machinery on 1 July 2021 for a cost of $120000 When the asset was acquired it was considered that the asset would have a useful life to the entity of five years, after which time it would have no residual value It was considered that the pattern of economic benefits would best be reflected by applying the sum-of-digits method Contrary to expectations, on 1 July 2023 the asset was sold for $80000 Required 1. What was the profit on disposal on 1 July 2023 and what are the journal entries to record the disposal? (Use sum of digit depreciation method) 2. Prepare Depreciation Schedule for the period.