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d1i1m1o1n [39]
2 years ago
5

Let's go back to explaining the survey data in which 60 % chose Edwards over Obama, 60 % chose Edwards over Clinton, 60% chose C

linton over Obama and then when asked to cast a one of the three candidates, 45 % chose Clinton, 30 % Obama, and 25% Edwards. single vote for (1) Prove that it is not possible that all voters are rational (have transitive preferences.) (2) Suppose now that the distribution of votes was not 45% chose Clinton, 30% Obama , and 25 % Edwards but 38% Clinton, 32% Obama and 30% Edwards; pairwise data remains unchanged. Prove that it is possible now that all voters are rational (have transitive preferences) and calculate the percentage of votes for each of the six different orderings of the three candidates.
Business
1 answer:
Andreas93 [3]2 years ago
4 0

Answer:

Explanation:  

1) The ratio of Edwards to Obama = 60% : 40%, that is, 3 : 2

The ratio of Edwards to Clinton = 60% : 40%, that is, 3 : 2

Also, the ratio of Clinton to Obama = 60% : 40%, that is, 3 : 2

From the above statements the ratio of Edwards, Clinton and Obama, should reflect as follow in that order  5 : 4 : 3, showing that it is not possible that all voters are rational.

2) If  the votes were to be 38% Clinton, 32% Obama and 30% Edwards,that is, in a ratio of 19 : 16 : 15 respectively, it is rational based on the preceding illustration, but it could have been higher for Edwards to Clinton becuase Edwards had higher votes when compared to Clinton and Obama seprately.  

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Allstar Exposure designs and sells advertising services to small, relatively unknown companies. Last month, Allstar had sales co
Aloiza [94]

Answer: The answer is Net income $180,000

Explanation:

All star Exposure

Monthly income Statement

$ $

Sales. 475,000

Less: Expenses

Sales commission 42,000

Technology cost 71,000

Research & Development cost 140,000

Selling Expenses 12,000

Administrative Expenses 30,000

---------------------

(295,000)

---------------------

Net income. 180,000

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The All star income statement has no line item for cost of good sold because cost of good sold is a direct cost incurred by All star Exposure on the goods sold. it does not appear as part of the expenses in the income statement.

5 0
2 years ago
Period costs are always expensed on the income statement in the period in which ______.
jenyasd209 [6]

Explanation:

Period costs are always expensed on the income statement in the period in which: they are incurred.

7 0
2 years ago
The agreed cost of an item to be purchased by a business on credit is $4,000. The applicable cost will be debited to advertising
Hoochie [10]

Answer:

$4,480

Explanation:

The total amount to be recorded as expense would include the cost of the item purchased an the values of the applicable taxes.

As such, the advertising expense would include the value of the goods and services tax as well as the provincial sales tax with both tax rates applied to the applicable cost.

Goods and services tax = 5% × $4,000

= $200

Provincial sales tax = 7% × $4,000

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Total debit to advertising expense

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7 0
2 years ago
1. A U.S. company anticipates that it will sell merchandise for €100,000 at the end of August and receive payment for it at the
mamaluj [8]

Answer:

C. $200 net loss

Explanation:

The net loss or gain is calculated on hedging to determine whether the hedge has been beneficial for the company or not. Hedging is a process to transfer exchange rate movement risk. This is usually suitable for the companies who have receipts or payments in foreign currencies.

The hedging gain loss can be calculated as:

Forward rate at the time of contract - spot rate today

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6 0
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Mary buys a lottery ticket and promises to buy her friend Sharon a new pair of shoes if she checks the lottery results while Mar
Oduvanchick [21]

Answer:

C. Neither Mary nor Sharon can claim breach of contract.

Explanation:

Mary buys a lottery ticket and promises to buy her friend Sharon a new pair of shoes if she checks the lottery results while Mary is away.

Sharon agrees to do so, provided she has the time for it.

If Sharon fails to check the results and Mary wins the lottery,  then it would be true of the contract between Mary and Sharon that Neither Mary nor Sharon can claim breach of contract.

The reason is Mary's promise is based on the condition that Sharon checks the result, Sharon's promise is based on the condition that 'if she has the time for it.'

The condition was not met by Sharon hence she cannot claim a breach of contract because she did not check the results, similarly, Mary cannot sue Sharon because sharon made it clear that she will only check If she has the time.

4 0
3 years ago
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