Answer:
The second gamble has the higher expected value. EV = 4
Explanation:
In betting, expected value can be defined as (Amount won per bet * probability of winning) – (Amount lost per bet * probability of losing)
For the first gamble:
For the second gamble:
This means that Cal is expected to earn $4 for each $20 waged on the second gamble while he is expected to break even in the first gamble.
Therefore, the second gamble has the higher expected value.
Answer:
a. Pay back period is 4 years and 18 days
b. Net present value is - $5,909. Since the NPV is negative, the project should be rejected.
Explanation:
Note: See the attached for the calculation tables of a and b.
a. Pay back period = 4 years and [($2,565/$51,244)*365 days] = 4 years and 18 days approximately.
Five benefits of taking a research methods course early in the graduate program are:
The investigation is an integral part of understanding the world's creations. The goal is to make comparative judgments about how things really are. It may be difficult at first, but you cannot ignore the need for research in any profession, even as a graduate student. Research Methods courses help students explore their career paths. This means that students gain insight into the realm they are venturing into.
By comparison, taking a research methods course at the beginning of a graduate program helps them build transferable skills and improve their resume.
Learn more about the graduate program at
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Answer:
Net realizable value less a normal profit margin.
Explanation:
Lower of cost or market rule of inventory states that cost of inventory recorded must be that at which cost is lower, and the original cost is the current market price.
This occurs when the inventory has become obsolete, market price has declined, or inventory has deteriorated
Net realisable value is defined as selling price minus estimated cost of completion.
So the market value should not be less than net realizable value less a normal profit margin.
Answer:
$40 billion
Explanation:
Data provided in the question:
Amount spend by government = $4 trillion
Amount raised by Taxes = $3 trillion
Interest rate = 4%
Now,
The bonds to be raised by the government
= Amount spend by government - Amount raised by Taxes
= $4 trillion - $3 trillion
= $1 trillion
or
= $1000 billion
Therefore,
The interest paid by the government each year
= Amount of bonds × Interest rate
= $1000 billion × 0.04
= $40 billion
