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e-lub [12.9K]
2 years ago
9

Eric works at an electronics store in a mall. Eric doesn't like to work hard, and it costs him $100 to do so. Eric's employer ca

nnot observe whether Eric works hard. If Eric works hard, there is a 90% probability that electronics goods profits will equal $400 a day and a 10% probability that electronics goods profits will equal $100 a day. If Eric shirks, there is a 90% probability that electronics goods profits will equal $100 a day and a 10% probability that electronics goods profits will equal $400 a day. Suppose Eric is paid $200 if electronics goods profits are $400 a day and $50 if electronics goods profits are $100 a day. Eric will _____ because the net gain of _____ from shirking is _____ than the net gain of _____ from working hard.
Business
1 answer:
SCORPION-xisa [38]2 years ago
7 0

Answer: work hard; $65; less; $85

Explanation:

The following can be deduced from the question:

The Expected profit from working hard will be:

= (90% × $200) + (10% × $50)

= (0.9 × $200) + (0.1 × $50)

= $180 + $5

= $185

Then, the profit will be the difference between revenue and coat which will be:

= $185 - $100

= $85

Then, the expected profit from shirking will be:

= (90% × $50) + (10% × $200)

= (0.90 × $50) + (0.10 × $200)

= $45 + $20

= $65

Then, the profit will be:

= $65 - $0

= $65

Eric will (work hard) because the net gain of ($65) from shirking is (less) than the net gain of ($85) from working hard.

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What feature of heaps allows them to be efficiently implemented using a partially filled array?
oksian1 [2.3K]
The answer is "<span>Heaps are complete binary trees".</span>

In software engineering, a heap is a particular tree-based information structure that fulfills the heap property. The heap is one maximally effective execution of a dynamic information sort called a priority queues, and in reality priority queues are regularly alluded to as "heaps", regardless of how they might be implemented.
7 0
3 years ago
Which three approaches to management are considered historical perspectives?
cestrela7 [59]
The three approaches to management which are considered to be historical perspectives are:
1. The classical view point: this emphasize finding ways to manage work more efficiently.
2. The behavioral view point: emphasize the need to understand human behavior and to encourage employees toward achieving the company's goals.
3. The quantitative view point: this emphasizes the application of quantitative measures to management.<span />
7 0
3 years ago
Keisha owns a house worth $275,000 with a mortgage of $195,000. She owns a car worth $12,000 and has $7,500 in car loans. She ha
Rainbow [258]

Answer:  $88,700

Explanation:

Given that,

House value = $275,000

Mortgage = $195,000

Car value = $12,000

Car loans = $7,500

Investments = $3,000

Bank account = $2,700

Owes on a credit card = $1,500

Keisha’s net worth:

= House value - Mortgage + Car value - Car loans + Investments + Bank account - Owes on a credit card

= $275,000 - $195,000 + $12,000 - $7,500 + $3,000 +  $2,700 -  $1,500

= $88,700

6 0
3 years ago
The continuing cycle of erratic demand causing forecasts to include safety stock which in turn magnify supplier forecasts and ca
balandron [24]

Answer:

The Bullwhip Effect

Explanation:

Bullwhip effect is a phenomenon that occurs in an organisation's channel of distribution due to swings or erratic demands for products by customers. This erratic nature of demands will usually lead to forecasting inefficiencies especially in meeting the demands through the supply chain.

A sudden increase in demand could lead to production planning problems because there might not be enough inventory of materials on ground to meet the demand. Also, a sudden decrease in demand can bring the challenge of excess inventory of materials which may not be needed for production for a while.

One of the measures taken to manage this erratic nature of demands is to ensure that whatever the forecasts for demands is, safety stock must be included to the forecast level of demand so as to ensure that production planning is adequate and the demands are met as well.

6 0
2 years ago
Samuel's has 42,000 shares of stock outstanding with a par value of $1 per share and a market price per share of $41. The balanc
EleoNora [17]

Answer:

$2,198,000

Explanation:

The computation of the value of the capital in excess of par account after the dividend is shown below:

Number of shares of stock outstanding = 42,000 shares

Stock dividend percentage = 50%

Now the new shares would be

= 42,000 × 50%

= 21,000 shares

Capital in excess of par value would be

= $41 - $1

= $40

For 21,000 shares, the paid in capital in excess is

= 21,000 shares × $40

= $840,000

And, the capital in excess as per the balance sheet is $1,358,000

Now the value of the capital in excess of par after the dividend is

= $1,358,000 + $840,000

= $2,198,000

8 0
3 years ago
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