intelligent industries recently purchased a $50,000, 10% 12-month bond. from intelligent’s point of view, this bond would be con
1 answer:
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Answer: Extra Vacation ; Stay
Explanation:
<em>At the Nash equilibrium, Deloitte will choose </em><em><u>extra vacation</u></em><em> and Malik will respond with </em><em><u>stay</u></em><em>.</em>
A Nash Equilibrium is the optimal outcome for each player given the decisions of the other player.
Looking at the the sequential game tree, if Deloitte offered a Money Bonus, Malik would leave because it offers him a higher payout. Deloitte would not want this because they gain more when he stays.
If Malik is offered extra vacation however, Malik stands to gain more than every other option if he stays and Deloitte would therefore offer him this because it will still be a gain for them. This is the Nash equilibrium.
Answer:
a. Under applied by $9,000
Explanation:
Budgeted overheads = $1,240,000
Budgeted overheads = 400,000
Budgeted rate per hour = $1,240,000/400,000 = $3.10
Actual overhead = $1,200,000
Actual Hours = 390,000
Actual Rate per hour = $3.077
budgeted overhead for actual hours = 390,000 $3.10 = $1,209,000
Thus, overheads under applied = Standard - Actual = $1,209,000 - $1,200,000 = $9,000
Since actual overheads are less than budgeted it is under applied in case it was more than budgeted then i would be over applied.
Final Answer
a. Under applied by $9,000