Answer: work hard; $65; less; $85
Explanation:
The following can be deduced from the question:
The Expected profit from working hard will be:
= (90% × $200) + (10% × $50)
= (0.9 × $200) + (0.1 × $50)
= $180 + $5
= $185
Then, the profit will be the difference between revenue and coat which will be:
= $185 - $100
= $85
Then, the expected profit from shirking will be:
= (90% × $50) + (10% × $200)
= (0.90 × $50) + (0.10 × $200)
= $45 + $20
= $65
Then, the profit will be:
= $65 - $0
= $65
Eric will (work hard) because the net gain of ($65) from shirking is (less) than the net gain of ($85) from working hard.
Answer:
Store A = $9
Store B = $8
Store C = $10
Explanation:
Finance charges calculated by average daily balance finance charges basis, adjusted balance method finance charges basis and Previous Balance Method Finance Charge basis is calculated as follows
Store A:
Average Daily Balance Finance Charge basis = ($500 + $400) /2
Average Daily Balance Finance Charge basis = $450
Finance Charges = $450 x (24% / 12)
Finance Charges = $9
Store B:
Adjusted Balance Method Finance Charge basis = $500 - $100
Adjusted Balance Method Finance Charge basis = $400
Finance Charges = $400 x (24% / 12)
Finance Charges = $8
Store C:
Previous Balance Method Finance Charge basis = $500 - $0
Previous Balance Method Finance Charge basis = $800
Finance Charges = $500 x (24% / 12)
Finance Charges = $10
Answer:
Demand is the same as quantity demanded.
Explanation:
The best saving account that Anthony should take is letter D, daily compounding. Daily compounding could provide him the best rate of return to his interest and this could provide him the interest that he deserves every time he deposits money on his bank account. This could not only be best in returning his interest but it could also provide the interest he deserves.
This would indeed present a conflict of interest. A conflict of interest occurs when a person or an organization is involved in various commitments, obligations or tasks, and where serving one interest could involve working against the other. In this case, the law firm that represents the tug boat manufacturer has as its goal the maintenance of objectivity and the pursuit of justice. However, if the son of the canal administrator joins the firm, this could be put at jeopardy, as he would have a vested interest in a particular outcome.
