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Zigmanuir [339]
3 years ago
13

Anytime it is snowing when Joe Commuter gets up in the morning, he misjudges how long it will take him to drive to work. When it

is not snowing, his expectations of the driving time are perfectly accurate. Considering that it snows only once every ten years where Joe lives, Joe’s expectations are almost always perfectly accurate.” Are Joe’s expectations rational? Why or why not?
Business
1 answer:
Kruka [31]3 years ago
4 0

Answer:

Joe's expectation are irrational as there is a scope of improvement in his expectation.

Explanation:

The expectation of Joe is not rational. Our expectation about something does not always remain the same.Improvement can be there.

Joe's expectation could still be improved by accounting for snowfall in his forecasts. Rational expectation means making a perfect guess about something going to happen in the future but in Joe's case, it not necessary that he will make a perfect guess about the driving time so his expectation is not rational.

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On October 10, the stockholders’ equity of Sherman Systems appears as follows. Common stock–$10 par value, 74,000 shares authori
uysha [10]

Answer:

1,                            Journal entries

Date    Account and explanation         Debi$       Credit$

          Treasury stock (5200*27)          140,400

           Cash                                                              140,400

           (To record purchase treasury stock)

            Cash (1,050*33)                           34,650  

            Paid in capital from sale of treasury stock    6,300

            Treasury stock (1,050*27)                               28,350

             (To record sale of treasury stock)  

              Cash (4,150*22)                             91,300

              Paid in capital from sale of            6,300

              treasury stock  

              Retained earnings                         14,450

              Treasury stock (4,150*27)                                112,050

              (To record sale of treasury stock)  

2.  Revised equity section

<u>Contributed capital</u>

Common Stock                             740,000

Paid in capital in excess of           <u>226,000</u>

par value-Common Stock

Total paid in capital                        966,000

Retained earnings                         <u> 880,000</u>

Total                                                1,846,000

Less: Treasury stock                      <u>(140,400)</u>

Total Stockholder's equity            $<u>1,705,600</u>

5 0
3 years ago
The assets of Prosian Italia, a marble and granite company, amount to $400 million, and its liabilities add up to $180 million.
Kobotan [32]

Answer:

$220 million

Explanation:

According to given information in question:

Assets = $400 million

Liabilities = $180 million

Accounting Equation:

Assets = Equity + Liabilities

$400 million = Equity + $180 million

Equity = $400 million - $180 million

Equity = $220 million

Based on the accounting equation, Prosian Italia's owners' equity is equal to $220 million.

4 0
3 years ago
A worker received $5 for a daily wage in 1930, which has the equivalent value of $63.24 today. if the cpi was 17 in 1930 what is
Katyanochek1 [597]
17 which should equal 215.01 I think- sorry if I’m wrong
6 0
3 years ago
12. Charlotte was not hungry that morning, so she just had a smidgen of cake at the office birthday party.
OLEGan [10]
The answer is C because smidgen means a small amount, and if she was not hungry then she would have only had a little bit.
6 0
3 years ago
For most countries and most firms, the domestic country beta Multiple Choice can be no lower than its world beta. is normally mu
stira [4]

Answer:

Can be no lower than its world beta

Explanation:

For most countries and most firms, the domestic country beta c<u>an be no lower than its world beta.</u>

7 0
3 years ago
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