Answer:
The second gamble has the higher expected value. EV = 4
Explanation:
In betting, expected value can be defined as (Amount won per bet * probability of winning) – (Amount lost per bet * probability of losing)
For the first gamble:
For the second gamble:
This means that Cal is expected to earn $4 for each $20 waged on the second gamble while he is expected to break even in the first gamble.
Therefore, the second gamble has the higher expected value.
Answer:
The journal entry is as follows:
Cash A/c Dr. $18,000
Equipment (Fair value) A/c Dr. $9,000
To N's capital $27,000
(To record the investment bought by Nichols)
Workings:
Cash contributed by Nichols = $18,000
Equipment's Book value = $6,300
Fair value of equipment = $9000
Nichols capital = $18,000 + $9,000
= $27,000
Answer:
b. $307,000
Explanation:
Costs to be accounted in cost reconciliation report = Opening balance of work in process + Cost of production added during the month
= $24,000 + $283,000
= $307,000
Cost reconciliation report shows what costs need to be accounted for in a month and the manner in which they are actually accounted for.
It is a step in preparation of production report which shows how beginning work in process inventory and the costs which are added to production during the period are recorded.
Hence in cost reconciliation report pertaining to the month of Aug, opening work in process and costs added to production during the month are recorded.
Answer:
Market economy:
2. The invisible hand guides resources to their highest valued uses
4. Prices are sey by supply and demand
6. Buyers and sellers are motivated by self-interest
Non-market economy:
1. Prices are set by government agencies
3. Buyers and sellers are motivated by government directives
5. Buyers and sellers are motivated by a sense of communal well-being
Explanation:
On the one hand, the concept of <em>market economy</em> refers to a type of economy system that basically indicates that the market will find the equilibrium and work properly without the help of the government and therefore it establishes that the economy does not need from the figure of the government and that this last one must worry only about the other issues that do not include the economy.
On the other hand, a <em>non-market economy</em> like its name indicates, it refers to the type of system that do consider that the presence of the government is very important for the correct system of the economy and all of its factors regarding the market. Therefore that this type of system approves the planning of the economy from the government without discussions.
According to most surveys, the ways in which employees tend to feel about their companies are:
- they often believe their company leaders do not act with honesty and integrity
- they often do not trust senior management.
<h3>What is an employee's perception?</h3>
It means the aspect of how much an employee is satisfied towards the organization, this is the most essential aspect that can drive the employees towards the organization.
An employee's perception can affect organizational productivity positively when they are willing and committed to organizational goals.
Therefore, in conclusion, the the ways in which employees tend to feel about their companies are they often believe their company leaders do not act with honesty and integrity and often do not trust senior management.
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