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Rom4ik [11]
2 years ago
9

Organizers of an outdoor summer concert in Toronto are concerned about the weather conditions on the day of the concert. They wi

ll make a profit of $42,000 on a clear day and $12,000 on a cloudy day. They will make a loss of $6,000 if it rains. The weather channel has predicted a 52% chance of rain on the day of the concert. Calculate the expected profit from the concert if the likelihood is 11% that it will be sunny and 37% that it will be cloudy.
Business
1 answer:
MAXImum [283]2 years ago
3 0

Answer:

$5,940

Explanation:

Calculation for the expected profit

Expected profit= (42,000*0.11)+(12,000*0.37)+(-6,000*0.52)

Expected profit=4,620+4,440+(-3,120)

Expected profit=$5,940

Therefore Expected profit will be $5,940

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Making hypothetical changes to data and observing the results is:
Shtirlitz [24]

Making hypothetical changes to data and observing the results exists option b. What-if analysis

<h3>What is What-if analysis?</h3>

What-If Analysis exists as the method of changing the values in cells to see how those differences will affect the outcome of formulas on the worksheet. Three types of What-If Analysis tools come with Excel: Scenarios, Goal Seek, and Data Tables. Scenarios and Data tables bear sets of input values and choose possible outcomes.

A what-if analysis or sensitivity analysis exists as a powerful decision-making tool that permits brands to understand what kind of business consequences can arise from modifying one or more variables.

A what-if analysis exists as a study an individual or company creates about a particular number of events where variables are adjusted to determine what the outputs would be. This approach stands typically implemented when there exists limited information from where to create a concise decision. Then, individuals control to outline all the possible outcomes to find out what their risks are.

Software like Microsoft Office Excel promotes the implementation of what-if analysis.

Hence, Making hypothetical changes to data and observing the results exists option b. What-if analysis.

To learn more about What-if analysis refer to:

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3 0
2 years ago
Max Weber argued that formal organizations were efficient, but he cautioned that they can have harmful effects on people. As he
baherus [9]

Answer:

Organization create alienation

Explanation:

We are informed about how Max Weber argued that formal organizations were efficient, but he cautioned that they can have harmful effects on people.

In this case, As he saw it, the danger is Organization create alienation.Organization create alienation do occur in an organization where the workers/Employees of the organization and the organization herself have different views. This when employees is with aims/expectations concerning the organization, but in this scenario the organization has something different such as centralization of authority.

Whenever there is alienation in particular workplace, people become meaningless and powerless.

4 0
3 years ago
When the lender provides the borrower with an amount of funds that must be repaid to the lender at the maturity date, along with
xxMikexx [17]

Answer:

This is called a <em>simple interest rate.</em> When the loan amount must be repaid to the lender at the maturity date, along with an additional payment for the interest.

To calculate <em>simple interest rate</em>, the interest rate payment is divided by the loan amount.

Explanation:

This is called a <em>simple interest rate.</em> When the loan amount must be repaid to the lender at the maturity date, along with an additional payment for the interest.

To calculate <em>simple interest rate</em>, the interest rate payment is divided by the loan amount.

4 0
3 years ago
In this type of budget, the master budget is based on a single prediction for sales volume, and the budgeted amount for each cos
SOVA2 [1]

Answer:

Fixed budget.

Explanation:

A fixed budget can be regarded as financial plan which is not been modified for any variations that could come up in actual activity. In most times some companies may have experience of substantial variations as regards their expected activity levels within the encompassed period of budget as well as the amounts in that budget. The budget cost allowances in a fixed budget for each cost item cannot be changed as regards the variable items. It should be noted that in Fixed budget the master budget is based on a single prediction for sales volume, and the budgeted amount for each cost essentially assumes that a specific amount of sales will occur.

3 0
3 years ago
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expeople1 [14]

Answer:

Air France should have recognized the Revenue in month of  APRIL.

Explanation:

According to the revenue recognition concept the revenue should be recognized when it is realizable. When goods or services are tranferred or rendered to the customer. It doesn't matter matter when the payment is received. Payment received in advance should be recorded as unearned revenue rather as revenue. On the other hand payment doesn't received until the transfer of goods or services, a receivable will be made in result of revenue recognition entry. Air France should recognize the revenue on April 5, when the flight took placed and services are performed. Sale of ticked on January 26 will be recorded as unearned revenue and a receivable on the other hand. The receivable will be adjusted on February 4 when cash is received and the revenue will be recognized on April 5 when flight took place.

7 0
3 years ago
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