Zelia, Inc. has prepared the operating budget for the first quarter of the year. The company forecast sales of $40,000 in Januar
y, $50,000 in February, and $60,000 in March. Variable and fixed expenses are as follows: Variable Expenses: Power cost (40% of sales) Miscellaneous expenses: (15% of sales) Fixed Expenses: Salaries expense: $6000 per month Rent expense: $5000 per month Depreciation expense: $1400 per month Power cost/fixed portion: $600 per month Miscellaneous expenses/fixed portion: $1200 per month
Using the information above, calculate the amount of budgeted selling and administrative expenses for the month of February. Select one:
A. $36,200
B. $47,200
C. $27,500
D. $41,700
Using the information above, calculate the amount of budgeted selling and administrative expenses for the month of February. Select one:
A. $36,200
B. $47,200
C. $27,500
D. $41,700
1 answer:
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Answer:
answer can be seen in the attached file
Explanation:
Consider the game in extensive form above. In the backward induction solution to this game Player 1 plays strategy and Player 2 plays strategy (Please, label Player 1's strategies by A, B, and C, and Player 2's strategies as df, dg, ef, and so forth)
What is Game Theory?
This is a mathematical modelling that deals with the analysis of strategies for dealing with competitive situations where the result of a participant's choice of action depends critically on the actions of other participants. Game theory has been applied to in war, business, and biology, sport.
In Game theory, outcome is dependent on the contributions of competing parties
