Answer:
B. the pain of losing $1,000 on a bet exceeds the pleasure of winning $1,000 on a bet.
Explanation:
A risk averse person is an individual or person rather who prefers lower returns with known risk than higher returns with unknown or higher risks. In this case, the individual prioritizes preservation of capital at hand over the potential of a more than average return. In this scenario, for a risk averse individual, the pain of losing $1,000 on a bet exceeds the pleasure of winning $1,000 on a bet based on the high uncertainty attached to winning the $1000 bet.
Answer:
14%
Explanation:
The computation of the tvom in percentage form is shown below:
Today price × (1 + interest rate) = Future value
$5,000 × (1 + interest rate) = $5,700
(1 + interest rate) = $5,700 ÷ 5,000
(1 + interest rate) = 1.14
So, the interest rate
= 1.14 -1
= 0.14 or 14%
Hence, the interest rate or TVOM i.e times value of money is 14%
Answer:
C. Greater than $6 but not greater than $9
Explanation:
The computation of the unit holding cost per year is shown below:
As we know that
where,
Annual demand is 450 × 52 weeks = 23,400 units
Ordering cost is $35 per order
Economic order quantity is 468 units
Now placing these values to the above formula
Now to find out the carrying cost, the calculation is given below:
= (2 × 450 units × $35) ÷ 468^2
= $7.48 per unit
The carrying cost is also known as holding cost
A new product could be something like a track on a table for special occations where you have a really long table and things need to be passed back and forth. you put the plate or dish on the track and press the button for it to be slowly moved down the table and stop it whenever it gets to the next person who whats it. This prevents hot and heavy plates having to be passed infront of people of over people etc.
Answer: it is called a salary
Explanation:
