Answer:
Expected value of profit = -3750 + 2,000 + 2,500 + 0
Explanation:
<em>The expected value of is the sum of the possible profit under different outcomes multiplied by their respective probabilities</em>
Profit Prob P× Profit
(15000) × 0.25 = -3750
20,000 × 0.1 = 2,000
25,000 × 0.1 = 2,500
0 × 0.55 = <u> 0_____</u>
Expected value of profit = <u> 750</u>
Expected value of profit = -3750 + 2,000 + 2,500 + 0
= $750
<em>Note the figures given are stated as profits and not revenue. So we do not make use of the investment cost of $20,000</em>
The weekly demand for an item in a retail store follows a uniform distribution over the range of 50 to 100. The answer for the same, the weekly demand is seventy (70).
Computer generated value: (0≤x≤1)
the part occupied by the weekly value: 0.4,
so, it is out of 50 values,
then
0.4 = 40% of (100 -50) = 20
(from the beginning which is 50, thus, 50 + 20 = 70)
Now we've got:
Computer generated value (CGV) = 0.4
Lower limit (LL) = 50,
Difference between upper and lower limit (UL-LL)= 100 - 50 = 50,
Thus,
the weekly demand is obtained as 70
Uniform Distribution
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Answer:
The size of the dividend per share of stock depends on: The corporation's profit
Dividend per share is calculated by: Total dividend / Total shares outstanding,
Which means that dividend per share will increase if the total dividend increases.
Meanwhile, the total dividend will be increased if the company gains more profit
Answer:
3. Canada has a comparative advantage, relative to other countries, in producing baseball bats.
Explanation:
Comparative advantage is the ability of the country to produce good or services for a lower opportunity costs for example the oil producing countries have comparative advantage in chemicals.
Options 1,2 and 4 are incorrect .
Absolute advantage is the ability of a country or region to produce greater quantity of units with the same no of inputs in the same time.
Answer:
Instructions are below.
Explanation:
Giving the following information:
The ending inventory of finished goods for each quarter should equal 20% of the next quarter's budgeted sales in units. The finished goods inventory at the start of the year is 3,600 units.
<u>We weren't provided with enough information to solve the problem. But, I will leave the formula and a small example to guide an answer.</u>
<u></u>
Purchases= sales + desired ending inventory - beginning inventory
For example:
Sales 2nd Quarter= 27,000 units
Sales 3rd Quarter= 45,000 units
Production budget (in units):
Sales= 27,000
Desired ending inventory= (45,000*0.20)= 9,000
Beginning inventory= (3,600)
Total= 32,400 units
