Answer:
Explanation:
In a cost benefit analysis, you have to have a common unit so that you are able to make a comparison. As the old saying goes, it is hard to compare apple to oranges. To know if a product is worth the investment, we must use money as a common unit for comparison's sake.
Answer:
1) $9615.38
2)$9245.56
3) b is the correct option.
Explanation:
See the attached pictures for detailed answer.
Free enterprise means people can run their business in the way they see fit.
In a free enterprise system, the products and services offered and the prices they are sold at are totally controlled by competition, supply and demand in the market and not controlled by government regulations.
Answer:
Production June= 288,000 units
Explanation:
Giving the following information:
Desired ending inventory= 30% of next month's sale.
Beginning inventory= 85,500 units
Sales:
June= 285,000 units
July= 295,000 units
To calculate the production required for June, we need to use the following formula:
Production= sales + desired ending inventory - beginning inventory
Production= 285,000 + (295,000*0.3) - 85,500
Production= 288,000 units
Answer: low (near 0%)
Explanation:
The expected monetary value(EMV) simply refers to the amount of money that an economic agent can expect to make based on a particular decision that's made.
It should be noted that the likelihood that a decision maker will be able to receive a payoff that is exactly as thesame as the EMV when a decision is being made will be near to zero as it's very low that it'll happen.
