Answer:
EV of node 4 = 0.6×5 + 0.4×0 = 3
EV of node 5 = 0.1×5 + 0.9×0 = 0.5
EV of node 2 = (0.8×5 + 0.2×EV of node 4) - 3
EV of node 2 = (0.8×5 + 0.2×3 ) - 3
EV of node 2 = 4.6 - 3
EV of node 2 = 1.6
EV of node 3 = (0.5×5 + 0.5×EV of node 5) - 1
EV of node 3 = (0.5×5 + 0.5×0.5 ) - 1
EV of node 3 = 2.75 - 1
EV of node 3 = 1.75
EV of node 3 is higher, therefore, best attend pattern is to attend randomly.
A specialized accounting book for accumulating and posting business transactions into specific categories is a ledger.
<h3>What is a ledger?</h3>
A ledger is a specialized accounting tool. It can also be described as a financial book or computer program.
In the ledger, information from accounting journals is accumulated and posted into specific categories matching the type of accounts.
From the ledger, the trial balance is extracted, which forms the basis for preparing the financial statements that show an entity's financial profitability and position.
Thus, a specialized accounting book for accumulating and posting business transactions into specific categories is a ledger.
Learn more about the ledger accounts at brainly.com/question/17143087
Answer:
A.) Firm B must have a higher ROE than first A.
Explanation:
Debt ratio is defined as percentage of a company's assets that is made up of debt and so it is calculated as a ratio of debt to assets of a company.
Interest expense is the amount that is paid to service a loan.
This implies that company B has higher loan portfolio than Company A.
Considering the accounting formula
Equity= Asset- Debt
So an increase in debt will result in a decrease in equity.
Return on equity= Net income/Equity
It follows that as debt increases and equity reduces, the ROE will increase since a shrink in the ROE denominator (Equity) will lead to an increase in the ratio.
Answer:
- a. monetary policy is completely ineffective, whereas fiscal policy is highly effective.
- a. monetary policy is completely ineffective, whereas fiscal policy is highly effective.
Explanation:
When the LM curve is horizontal, a change in money supply will not impact interest rates which would make monetary supply completely ineffective because people will be able to keep borrowing regardless of the money supply level in the economy.
If the IS curve is vertical, it means that output is independent of interest rates. This would again render monetary supply completely ineffective as output will not change as a result of a change in money supply. Fiscal policy will still work however because it would lead to more output being created via the multiplier process.
