Goodnight y’all ! I just wanted to tell y’all that

True or false: the minimum efficient scale is achieved at the minimum point on each average total cost curve.

Mama L [17]

In my opinion I think it's true

7 0

4 years ago

Who gains from international trade? only the importing nation only the exporting nation both the importing and the exporting nat

Zina [86]

<u>Answer:</u>

<em>Both the importing and the exporting nations </em>

<u>Explanation:</u>

Imports permit more diversity assorted variety in the market for customers and occupants of specific countries, as they can acquire outside items without voyaging or paying extra charges. Import advantages stretch out past people to organizations.

Global exchange impacts the quality of nearby economies, the joblessness rate, and openings in business. While the solidness of the nearby economy is necessary, one of the ways that it keeps up its equalization is through global exchange. Creating economies depend on universal fares to remain above water.

5 0

3 years ago

On May 1, 2020, Course Co. borrowed $16,000 and signed a three-year note bearing interest at 6% per annum. Interest is payable q

butalik [34]

The amount that Course Co. should report as a liability for accrued interest on its December 31, 2021 balance sheet is $240.

<h3>What is accrued interest?</h3>

Accrued interest is an accounting expression that shows a liability for interest payment has been incurred for a loan but the payment has not yet been made.

For Course Co., it incurs accrued interest of $240 every quarter for the three-year note payable. Usually, the accrued interest is paid at the beginning of the next quarter.

<h3>Data and Calculations:</h3>

3-year note payable = $16,000

Rate of interest = 6% per year

Date of loan = May 1, 2020

Interest payment = quarterly or 4 times annually

Interest per quarter = $240 ($16,000 x 6% x 1/4).

Thus, the accrued interest on Course Co.'s December 31, 2021 balance sheet is $240.

Learn more about accrued interest at brainly.com/question/1542335

5 0

2 years ago

The Gardner Company expects sales for October of $247,000. Experience suggests that 40% of sales are for cash and 60% are on cre

LenKa [72]

Answer: $74100

Explanation:

Based on the information given, the amount of cash expected to be collected in October will be calculated thus:

October, credit sales will be:

= 60% x $247000

= $148200

Since the amount that'll be collected in October will be 50% of the credit sales. This will be:

= 50% × $148200

= $74100

6 0

3 years ago

Jean Clark is the manager of the Midtown Safeway Grocery Store. She now needs to replenish her supply of strawberries. Her regul

alina1380 [7]

Answer:

Part 1:<em> </em><em>As a store manager, Jean Clark has to take decision regarding how many cases of strawberries should be purchased. Let Ai represents course of actions regarding how many cases to be purchased, where i = 10, 11, 12, or 13 cases.Jean has identified state of nature or circumstances for the demand of the strawberries per cases in future. Let Sj represents various demand in future, where i = 10, 11, 12, and 13 cases.</em>

Part 2: The payoff table is attached.

Part 3: As the alternative of purchasing maximizes the minimum payoff among all events, Jane should select alternative of purchasing 10 cases of strawberries for tomorrow.

Part 4: According to the equal likelihood Principle, the alternative of purchasing 12 cases gives maximum expected value, thus Jane should purchase 12 cases of strawberries.

Part 5: The maximum EP is $53.6 for the alternative of purchasing 12 cases, thus Jane should purchase 12 cases of strawberries.

Part 6: Jean should spend $3 to get more information about how many cases of strawberries she might be able to sell tomorrow.

Explanation:

Part 1

As a store manager, Jean Clark has to take decision regarding how many cases of strawberries should be purchased. Let Ai represents course of actions regarding how many cases to be purchased, where i = 10, 11, 12, or 13 cases.

Jean has identified state of nature or circumstances for the demand of the strawberries per cases in future. Let Sj represents various demand in future, where i = 10, 11, 12, and 13 cases.

Part 2:

$Price_{purchase\, per \,case} = \$3\\Price_{selling\, per \,case} = \$8\\ Value_{salvage} = \$0\\$

Payoff in terms of profit or loss function is determined as follows:

$Payoff = Profit_{ per case} \times cases_{ sold }-Price_{purchase} \times cases_{ unsold}\\Payoff = \$5 \times cases_{ sold} -\ $3 \times cases_{unsold}$

The payoff table is obtained using the above formulas and is attached.

Part 3:

Maximin Decision Rule:

This approach selects the alternative which maximizes the minimum payoff among all events.

Minimum payoffs of purchasing 10, 11, 12, 13 cases are $50, $47, $44, and $41 respectively.

Maximum payoff among the alternative minimum payoffs is $50 for the alternative of purchasing 10 cases.

As the alternative of purchasing maximizes the minimum payoff among all events, Jane should select alternative of purchasing 10 cases of strawberries for tomorrow.

Part 4:

Equal Likelihood Principle

This principle is based on a simple philosophy that if there is uncertainty about various events, then treat them as equally probable to occur, that is, each state of nature or chance event is assigned an equal probability. It is also known as equal probabilities criterion. In this assumption, the expected value (EV) or average payoff for each course of action or strategy is determined and the strategy with the highest mean value is adopted.

$EV_{10 cases} = [(0.5 \times \$50) + (0.5 \times \$50) + (0.5 \times \$50) + (0.5\times \$50) = \$50\\EV_{11 cases} = [(0.5 \times \$47) + (0.5 \times \$55) + (0.5\times \$55) + (0.5 \times \$55) = \$53$

Similarly,

EV of purchasing 12 cases = $54

EV of purchasing 13 cases = $53

Maximum EV = maximize [$50, $53, $54, $53] = $54

According to the equal likelihood Principle, the alternative of purchasing 12 cases gives maximum expected value, thus Jane should purchase 12 cases of strawberries.

Part 5:

Bayes’ Decision rule

This rule considers the prior probabilities for the state of natures and selects the alternative with the maximum expected payoff. Expected payoff is calculated as sum of product of probabilities and payoff of each alternative.

Expected payoff pd purchasing 10 cases are as follows:

$EP _{10 cases} = 0.2 \times \$ 50 + 0.4 \times \$ 50 +0.3 \times \$ 50 + 0.1 \times \$ 50 = \$50\\EP_{11 cases} = (0.2 \times \$47) + (0.4 \times \$55) + (0.3 \times \$55) + (0.1 \times \$55) = \$53.4$

EP (12 cases) = $53.6

EP (13 cases) = $51.4

The maximum EP is $53.6 for the alternative of purchasing 12 cases, thus Jane should purchase 12 cases of strawberries.

Part 6:

To determine the cost Jane should determine Expected value of perfect information (EVPI), as follows:

First determine Expected value with perfect information (EVwPI) as follows:

Maximum payoff when demand is exactly 10 cases is $50, Expected payoff = 0.2 x 50 = $10

Maximum payoff when demand is exactly 11 cases is $55, Expected payoff = 0.4 x 55 = $22

Maximum payoff when demand is exactly 12 cases is $60, Expected payoff = 0.3 x 60 = $18

Maximum payoff when demand is exactly 13 cases is $65, Expected payoff = 0.1 x 65 = $6.5

EVwPI = $10 + $22 + $18 + $6.5 = $56.5

Expected value without perfect information (EVwoPI) = Maximum expected value by Baye’s rule = $53.6

EVPI = EVwPI – EVwoPI = $56.5 – $53.5 = $3

Jean should spend $3 to get more information about how many cases of strawberries she might be able to sell tomorrow.

3 0

3 years ago