Answer:
96.02
Explanation:
Lottery's Expected utility = 
= 10
Income in good state = 100 - 36 + G = 64 + G
Income in bad state = 100 - 36 = 64
Probability in good state = 43%
Probability in bad state = 100% - 43% = 57%
Expected utility = Probability in good state x 
+ Probability in bad state x 
10 = 43% x + 57% x 8
10 = 43% x + 4.56
10 - 4.56 = 43% x
5.44 = = 43% x
5.44 / 43% =
12.65 =
= 
160.0225 = 64 + G
G = 160.0225 - 64
G = 96.0225
G = 96.02
Answer:
C) $22,727.
Explanation:
to calculate the 2019 layer, I will first determine the value of the 2019 inventory using LIFO:
(2018 inventory / 2018 price index) + (2019 inventory - 2018 inventory) = ($300,000 / 1.1) + ($350,000 - $300,000) = $272,727 + $50,000 = $322,727
to determine the LIFO layer = adjusted 2019 inventory - 2018 inventory = $322,727 - $300,000 = $22,727
The LIFO layer represents the difference in cost of goods sold from the ending of one year to the next year.
Answer: Functional Obsolescence
Explanation:
Functional Obsolescence could be described as when a product is undervalued than what is expected due it's composed of outdated features.
Most very old homes are usually outdated. Innovation spring forth every day, especially in the area g homes, homes that are commercially rented are portable and have recent designs, but for homes that are not they may not be valued for what they should or what the seller expects. This is the scenario with homeowner.
Answer:
The correct answer is A. economists include opportunity cost in zero economic profit, while accountants do not include opportunity cost in zero accounting profit.
Explanation:
Because the economists include opportunity cost in their profit calculation, economic profits always tend to be lower than the accounting profits and economic losses does not necessarily mean that accounting there are accounting losses.
