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BaLLatris [955]
3 years ago
12

Suppose you and a classmate are playing a game where your classmate proposes a division of​ $1.00. ​ Then, you either accept or

reject the offer. If you​ accept, then you and the classmate get the proposed portions of the dollar. ​ However, if you reject the​offer, then you and your classmate receive nothing.
Suppose your classmate offers you $0.12
What is your optimal​ strategy?
Your optimal strategy is to _________ the proposed division.

A. Accept
B. Reject

Now suppose instead that you propose the division of the dollar. Your classmate will then accept or reject your division. If the classmate​ accepts, then you each receive the portion of the dollar as you have proposed. ​ However, if your classmate​ rejects, then you both get nothing.
Your optimal strategy is to offer your classmate ​$ 0.99. (Enter a numeric response to two decimal places)
Business
1 answer:
pochemuha3 years ago
4 0

Answer: The correct answers are "A. Accept" and "$ 0.01".

Explanation: Given that we talk about optimal strategy when maximizing the expected profit by the player:

In the first case It is convenient to accept the proposal and keep $ 0.12, instead of rejecting it and running out of nothing.

And in the second case it is convenient to give the classmate as little as possible so that he accepts and we have a greater profit.

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Food. Is there anything else to this?
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Warner Company purchases $50,000 of raw materials on account, and it incurs $60,000 of factory labor costs. Supporting records s
andriy [413]

Answer:

WIP Assembly  DEBIT 24,000

WIP Finishing   DEBIT 26,000

Raw materials Inventory CREDIT 50,000

WIP Assembly  DEBIT 35,000

WIP Finishing   DEBIT 25,000

    Wages Payable CREDIT 60,000

Explanation:

Our first goal is to calculate the diference to get the finishing values

50,000 raw materials

assembly 24,000

50,000 - 24,000 = 26,000

Finishing 26,000

60,000 labor cost

Assembly 35,000

60,000 - 35,000 = 25,000

Finishing 25,000

Now we proceed to do the entries:

WIP Assembly  DEBIT 24,000

WIP Finishing   DEBIT 26,000

Raw materials Inventory CREDIT 50,000

WIP Assembly  DEBIT 35,000

WIP Finishing   DEBIT 25,000

    Wages Payable CREDIT 60,000

<u>Important:</u> There is no information about a finished goods or transfer from one process to another, so we should assume both are still in progress and no transfer to either one or finished goods were made.

So the values are transfer to the WIP of each department.

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QUESTIONS
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Answer: B

Explanation:

you can pass on the right if you are driving on a one way road.

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Elain's Inflatables earns service revenue by providing party planning services and inflatable playscapes. Elaine?'s Inflatables
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Answer:

The accounting entry for each transaction is given below.

Gibson contributed $10,000 to the business in exchange for capital.

Debit Cash Asset       $10,000

Credit Capital              $10,000

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Debit equipment Asset      $5,000

Credit Payable Liability       $5,000

c. Paid $400 for office supplies.

Debit payable         $400

Credit Cash Asset   $400

d. Earned and received $2,500 cash for service revenue.

Debit Cash Asset    $2,500

Credit Income          $2,500

e. Paid $400 for wages to employees.

Debit Wages expense   $400

Credit Cash Asset          $400

f. Gibson withdrew $1,000 cash

Debit Capital          $1,000

Credit Cash Asset  $1,000

.g. Earned $1,000 for services provided. Customer has not yet paid.

Debit Receivable           $1,000

Credit Service Income   $1,000

h. Paid $1,000 for rent.

Debit Rent expense   $1,000

Credit Cash Asset      $1,000

i. Received a bill for $250 for the monthly utilities. The bill has not yet been paid.

Debit Utility expense     $250

Credit payable                $250

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According to Sheryl Connelly, Ford's global consumer trends manager, millennial buyers want lifestyle accessories on their vehic
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