Answer: The study of how to allocate assets to maximize returns
Explanation:
Finance refers to the study of how to allocate assets to maximize returns. Finance refers to the study, management, and creation of money and investments.
Finance simply explains how economic agents such as the individual, company or government gets money and how such money is being used.
Answer:
Since the expected value is higher for not suing ($600,000), then Jay should not sue. The expected value of the best case scenario in case of suing is only $500,000 and in the expected value of the worst case scenario is -$37,500.
Explanation:
he decides to not sue = expected value $600,000
he decides to sue:
50% chance of winning
expected value
- $2,000,000 x 50% x 50% = $500,000
- $500,000 x 50% x 50% = $125,000
50% chance of losing
- expected value = -$75,000 x 50% = -$37,500
Answer:
Explanation:
A) Adjusted gross income = Salary+Interest income+Dividend Income-Capital loss deduction limitation = 53,300 + 1,600 + 400 - 3,000 = 52,300
*The capital loss is limited to $3,000 as deduction
B) The deduction amount for single is $6,300
C) Personal exemption deduction for 2016 is $4,050
D)
Adjusted Gross income 52,300
Less: Deductions
Standard deduction in 2016: (6300)
Personal exemption (4050)
Taxable income 41,950
Answer:
Units sold in 2016 = 12118.33
Explanation:
Given that
Net income = 154200
Fixed inputs = 572900
Selling price per unit = 155
Variable cost per unit = 95
Recall that
Net income = total revenue - total expenses
And that
Net income = (selling price - variable cost) × number of goods sold - fixed cost
Thus
154200 = (155 - 95)x - 572900
572900 + 154200 = 60x
727100 = 60x
x = 727100/60
x = 12,118.33 units
Answer:
A business organization is an entity aimed at carrying on commercial enterprise by providing goods or services, to meet needs of the customers
