The following information relates to last year's operations at the Legumes Division of Gervani Corporation:

Larry is a hard-working college freshman. One Saturday, he decides to work nonstop until he has answered 200 practice problems f

OverLord2011 [107]

Answer:

The marginal gain from Larry's second hour of work is 60 problems

The marginal gain from Larry's fourth hour of work is 20 problems

The best combination is 1 hour of working problems + 3 hours of reading

Explanation:

To get the marginal gain we subtract from the latest hour, in this case the second hour (140), the production from the previous hour (80). 140-80=60. It's always the same, the latest minus the previous one.

So let's do the same for the fourth hour:

Noon................200 problems

minus

11:00 AM..........180 problems

200-180= 20 problems

Now to know how many hours he should spend working on problems and reading, let's compare:

An hour of reading equals to 70 problems made; (because working on 70 problems raises a student’s exam score by about the same amount as reading the textbook for 1 hour).

hours of working problems problems solved

0............................................................0

1.............................................................80

2............................................................140

3............................................................180

hours reading problems equivalent to hours read

4...............................................(4*70)=280

3...............................................(3*70)=210

2...............................................(2*70)=140

1................................................(1*70)=70

finally let's add up the two combinations (0 and 4, 1 and 3, 2 and 2, 3 and 1)

0 and 4_______________0+280= 280

1 and 3________________80+210=290

2 and 2_______________140+140=280

3 and 1________________180+70=250

And the best combination is 1 hour of working problems + 3 hours of reading=290

3 0

3 years ago

Financial statements are important for:

Tpy6a [65]

Answer:

its D All the above

That's What I think

Your welcome :)

5 0

3 years ago

Lake Co. receives nonrefundable advance payments with special orders for containers constructed to customer specifications. Rela

omeli [17]

Answer:

Lake Co.

Current Liability for Advances from Customers in Dec. 31, 2021 balance sheet:

Amount to report as current liability for advances from customers:

= $127

Explanation:

Advances from Customers:

Dec. 31, 2020 balance $120

Cash received 189

Total liability $309

Earned Revenue 182

Current liability $127

Advances, which Lake Co., received from customers for orders not yet fulfilled are recorded as deferred revenue or liabilities because Lake Co. is still owing the respective customers until the services or goods are provided. Earned Revenue is the value of revenue that would be reported in the income summary for which exchange of value or promises had been completed.

8 0

3 years ago

Morristown Industries has an issue of preferred stock outstanding that pays a $12.60 dividend every year in perpetuity. If the r

lilavasa [31]

Answer:

$80 per share.

Explanation:

Given: Dividend= $12.60

Rate of return= 15.75%

Now, finding the price per share.

Formula; Price per share= $\frac{Dividend}{Rate\ of\ return}$

⇒ Price per share= $\frac{12.60}{15.75\%}$

⇒ Price per share= $\frac{12.60}{0.1575}$

∴ Price per share= $80 per share.

Hence, price per share is $80 for Morristown Industries.

6 0

3 years ago

An investor holds two stocks, each of which can rise (R), remain unchanged (U), or decline (D) on any particular day. Assume tha

anastassius [24]

Answer:

1. 0.06

2. 0.38

3. 0.52

4. 0.06

Explanation:

1) Both decline = P1(D) × P2(D)

= 0.2 × 0.3

= 0.06

(stock 1 declines and stock 2 declines)

2) Exactly one rises:

= P1(R) × [P2(U) + P2(D)] + P2(R) × [P1(U) + P1(D)]

= 0.2 × [0.4+ 0.3] + 0.3 × [0.6 + 0.2]

= 0.14 + 0.24

= 0.38

(stock 1 rises and {stock 2 declines or remains unchanged})

or (stock 2 rises and {stock 1 declines or remains unchanged})

3) Exactly one unchanged:

= P1(U) × [P2(R) + P2(D)] + P2(U) × [P1(R) + P1(D)]

= 0.6 × [0.3 + 0.3] + 0.4 × [0.2 + 0.2]

= 0.36 + 0.16

= 0.52

4) Both rise = P1(R) × P2(R)

= 0.2 × 0.3

= 0.06

5 0

3 years ago