In a free enterprise system, competition is believed to benefit consumers and also workers. The idea is that the free enterprise system theoretically creates more jobs and also creates the most economic benefit and well being as a result of better prices and competition amongst firms in the system.
Answer:
I wouldn't invest.
Risk preference at least 50-50 chance of gain and loose
Explanation:
case of success the return i get is $40000
case of failure i lose $20000.
My analysis shows P40=0.3 of success
And P-20=0.7 of failure.
The probability of a loose is much bigger than the probability of a gain.
So I can't bear the loose of loosing 7 times if about 20000 and gaining 3 times of about 40000 it doesn't balance.
My loose accumulating to 140000
While my gain is 120000.
I can't invest
You can buy at a low price for a stock and sell it for a higher price.
What business are you in? The question sounds easy enough. ...
How will the business make money? ...
What does your business need to get off the ground? ...
What is the operating budget? ...
Who are your customers? ...
How will you reach your customers? ...
What sets you apart from the competition? ...
What are your strengths and weaknesses?
What business are we in? ...
What is the vision and mission of the company? ...
Who is our customer? ...
What does our customer value? ...
What is our target market? ...
What products and services do we provide? ...
What is our sales and marketing strategy?
Answer: Total cost (23500 hours predicted ) = $ 484625
Explanation:
The question is incomplete the high and low methods requires us to use high and low level of activity together with the corresponding total costs at each level to determine the variable cost per unit. we will provide assumed total costs and nursing hours in order to show how high and low method is used to predict total costs for the next period.
Assume the following were total costs and corresponding nursing hours for the previous 3 months
Total cost Hours
$560000 30000 hours
$400000 220000 hours
$225000 10000 hours
calculating Variable cost using high and low method
Variable cost per unit = (high cost - low cost)/high hour - low hours)
Variable Cost Per unit = (840000 - 225000)/ (30000 - 10000) = 16.75
Variable cost per unit = $ 16.75
Fixed costs = 560000 - (28000 x 16.75) = 560000 - 469000
Fixed costs = $91000
Total cost (23500 hours predicted ) =Total Fixed cost + Total Variable costs
Total cost (23500 hours predicted ) = $91000 + (23500 x $16.75)
Total cost (23500 hours predicted ) == $91000 + $393625
Total cost (23500 hours predicted ) = $ 484625
