(5 pts) In the long run, which plan has the higher payout? Plan A Plan Payout P(Payout $70,000 0.57 Payout P(Payout) -$15,000 0.38 $85,000 0.28 $70,000 0.06 $90,000 0.15 $75,000 0.56
Answers
Plan A has a higher payout compared to Plan P.
The long-run plan with the higher payout is Plan A. The payout can be calculated by multiplying the payout of each outcome with its probability, then adding all the values together. Let's solve for both Plan A and Plan P.
Plan A:
Payout $70,000 with a probability of 0.57
Payout $85,000 with a probability of 0.28
Payout $90,000 with a probability of 0.15
The formula to calculate expected payout is:
E(X) = Σ (P(x) * C(x)), where x is each outcome and C(x) is its respective payout.
Using this formula, we have:
E(X) = (0.57 * 70000) + (0.28 * 85000) + (0.15 * 90000)
E(X) = 39900 + 23800 + 13500
E(X) = $77,200
Plan P:
Payout of $70,000 with a probability of 0.06
Payout of -$15,000 with a probability of 0.38
Payout of $85,000 with a probability of 0.28
Payout of $75,000 with a probability of 0.56
Payout of $90,000 with a probability of 0.15
Using the expected payout formula, we have:
E(X) = (0.06 * 70000) + (0.38 * -15000) + (0.28 * 85000) + (0.56 * 75000) + (0.15 * 90000)
E(X) = 4200 + -5700 + 23800 + 42000 + 13500
E(X) = $74,700
Therefore, Plan A has a higher payout of $77,200 compared to Plan P's $74,700.
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Related Questions
Which of the following explains why a city fireworks display on the Fourth of July is provided as a public good?
A. Fireworks displays usually take place in a public area.
B. Fireworks are a scarce resource.
C. Nonpayers cannot be prevented from seeing the fireworks.
D. Each consumer pays a fee to see the fireworks.
Answers
Answer:
C. Nonpayers cannot be prevented from seeing the fireworks.
Nonpayers cannot be prevented from seeing the fireworks explains why a city fireworks display on the Fourth of July is provided as a public good. Thus, option C is correct.
A good or service that is made available to all members of society is referred to as a public good in economics. Governments often handle the administration of these services, and taxes are used to pay for them all.
Law enforcement, national defense, and the rule of law are a few examples of public goods. Access to clean air and water are examples of more fundamental public goods.
It must be non-rivalrous and non-excludable, which are the two main characteristics that set a public good apart. When products are non-rivalrous, it means that their supply does not decrease as more people use them; when they are non-excludable, it indicates that all citizens can access them.
Therefore, option C is the ideal selection.
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Under what category of expense do manufacturing wages fall?
Answers
Answer:
Direct expenses
Explanation:
Manufacturing expenses are categorized into direct and indirect expenses.
Direct expenses are the costs that can be traced to a specific product or service. There are the expenses that relate to the production or provision of a particular good or service. Direct expenses include the cost of material, direct labor, and direct factory overhead costs.
Indirect expenses consist of operating expenses such as rent, administrative salaries, insurance, telephone, internet , and computer costs. These costs cannot be linked to a particular product.
penny and Theodore comprise a scheme whereby Penny will send information to Theodore in regards to the moves her telecommunications company is making when she learns about it in their company's internal strategy meeting so he can make a better stock trade. This is known as
Answers
Answer:
I think this is Insider trading
Explanation:
insider trading is an illegal practice where someone uses their own advantage of having access to confiditional information to practice stock trading on the stock exchange
Mary is a stay-at-home mother whose husband died. She has two small
children to care for, and her husband was the primary wage earner for their
family. What Social Security benefits would care for Mary and her children?
A) retirement benefits
B) disability benefits
C) survivor’s benefits
D) worker’s compensation
Answers
Answer:
The answer that I think would be correct is option C (survivors benefits)
Explanation:
Retirement benefits definition: a form of social insurance payment made by the US Social Security (for age 62 and older) considering that Mary has two small kids, she probably isn't that old.
Disability benefits: in order to be eligible, you have to be unable to do regular or customary work for at least right days. Considering the fact that Mary is a stay at home mother then she wouldn't be employed.
Survivors benefit: this allows a retiree to ensure after death, a continuous lifetime annuity for their dependents.
Workers compensation: provision of benefits to employees who suffered work related injuries. Mary's husband most likely didn't die in the work place.
Describe how surveillance of our telephones has changed over the years. explain what is different about how silicon valley companies have built their networks and what it means for the general public and law enforcement? explain why it is risky for tech companies to build a "backdoor". soghoian poses the question, "should billions of people be using devices that are wire-tap friendly?" explain why you think our devices should or should not be wiretap friendly.
Answers
Answer:
All communication way back used to be wiretapped, but now companies have been able to encrypt their data for protection of their information against wiretapping.
Companies like silicon valley has taken the bold step in securing their data from been hacked.
The back door is risky because if a person or people exposes their information to others, their information will be at risk because of hackers who might exploit their privacy or sensitive documents.
Finally, the idea of devices to be wiretapped is not a good idea, because most people want heir privacy, for this it is termed illegal to access one's privacy without the authorization from the person.
Explanation:
Solution
Before now all communication used to be wiretapped. presently, companies are encrypting data , for the purpose of this data to not be easily wiretapped.
Silicon valley companies have secured their devices through encryption unlike other companies. what this implies is that it will be tough for police to arrest criminals, but the normal or average people will have capacity to communicate or interact much better.
The back door method is risky because, presently in today's world there are people that are specialist in hacking, so if no backdoor exist, then there will be no room for anyone to hack into someone's phone.
It is considered a risk if your phone is exposed to others to easily access your private information.
I don't like the idea for devices should be wiretapped, this is because people need their privacy, they can't have that when their phones are wiretapped.
In general it is illegal and not right.
Answer:
Describe how surveillance of our telephones has changed over the years. It was originally manual, wires were connected by hand, and calls were recorded by tape. Now servalinec features are built into the networks and are now no longer needed to be done manually.
Explain what is different about how Silicon Valley companies have built their networks and what it means for the general public and law enforcement? Silicon Valeys have built strong encryption technology into their communication products. Which makes surveillance extremely difficult. This means for the general public and law enforcement that their communications cannot be easily wiretapped.
Explain why it is risky for tech companies to build a “backdoor”. When a backdoor is created in a communications network or piece of technology, there is now way of knowing who would use it. There is no way of knowing if it would be used by good guys or bad guys.
Soghoian poses the question, “Should billions of people be using devices that are wire-tap friendly?” Explain why you think our devices should or should not be wiretap friendly. I don't like the idea that devices should be wiretapped, this is because people need their privacy, they can't have that when their phones are wiretapped.
Explanation:
edg
Pls try your best to answer
Pick regular income if it's a regular income and irregular if it's not
1. Wages and salaries
Regular Income
Irregular Income
2. Pensions
Regular Income
Irregular Income
3. Short time work support
Irregular Income
Regular Income
4. Fees from services
Regular Income
Irregular Income
5. Overtime payment
Regular Income
Irregular Income
6. Bonus payment
Regular Income
Irregular Income
7. Commission
Regular Income
Irregular Income
8. Profit
Regular Income
Irregular Income
9. Fees from rent
Regular Income
Irregular Income
10. Lottery wins
Irregular Income
Regular Income
Answers
Answer:
1.Regular Income
2.Regular Income
3.Irregular Income
4.Irregular Income
5.Irregular Income
6.Irregular Income
7.Regular Income
8.Regular Income
9.Irregular Income
10.Irregular Income
Explanation:
Mark me Brainliest if this helped you at all.
I attached a pic of my question, pls help.
Answers
Farmer raising sheep.
A conglomerate merger is a merger between firms at different stages of the production process of a product, such as a merger between a flour milling company and a baking company. Group startsTrue or False
Answers
There are different kinds of merger. A conglomerate merger is a merger between firms at different stages of the production process of a product, such as a merger between a flour milling company and a baking company is a false statement.
There are three types of mergers. They are horizontal, vertical, and conglomerate. A conglomerate merger is a type of merger of two firms that have entirely unrelated business activities.
Two firms may enter into a conglomerate merger so as to increase their market share, spread their businesses, cross-sell their products etc.
Examples are Berkshire Hathaway, Amazon, Alphabet, Meta, Procter & Gamble, Unilever etc.
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In her business communications class, matilda's teacher is focusing the week's lessons on correctness. paying attention to this characteristic will help communications be what? question 3 options: a. inclusive b. friendly and positive c. accurate and error free d. free from unnecessary words
Answers
In Matilda's business communications class, focusing on correctness will help communications be accurate and error-free.
Correctness in business communication means that the message is free from grammatical errors, typos, and other mistakes that could lead to confusion or misinterpretation. When communications are correct, they decision-making are clear and easy to understand, ensuring that the intended message is received and acted upon. Accuracy is particularly important in business communication, where even a small error could have significant consequences, such as causing a miscommunication that leads to a missed deadline or lost business opportunity. By focusing on correctness, Matilda and her classmates will learn how to produce clear, accurate, and error-free business communications that are effective in achieving their intended goals.
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a financial plan is most influenced by
Answers
Answer: priorities and goals
Explanation: because
The financial plan is most influenced by priorities and goals Option(b) is correct.
What does Financial Plan means?Overall utilization, a financial plan is a complete assessment of a singular's ongoing compensation and future financial state by utilizing current known factors to foresee future pay, resource values and withdrawal plans.
In business, a financial plan can allude to the three essential financial assertions monetary record, pay explanation, and income proclamation) made inside a field-tested strategy. Financial estimate or financial plan can likewise allude to a yearly projection of pay and costs for an organization, division, or division.
A financial plan can likewise be an assessment of money needs and a choice on the most proficient method to raise the money, like through getting or giving extra offers in an organization A financial plan might contain forthcoming financial explanations, which are comparative, however unique, than a financial plan. Financial plans are the whole financial bookkeeping outline of an organization. Complete financial plans contain all periods and exchange types.
Therefore Option(b) is correct.
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What is the Congress or Legislative branch?
Answers
Answer:
The legislative branch is made up of the House and Senate, known collectively as the Congress. Among other powers, the legislative branch makes all laws, declares war, regulates interstate and foreign commerce and controls taxing and spending policies.
Explanation:
suppose the canadian government has decided to place an excise tax of $20 per tire on producers of automobile tires. excise taxes are also called sales or commodity taxes. previously, there was no excise tax on automobile tires. as a result of the excise tax, producers of tires, such as bridgestone and michelin, are going to alter their tire prices. the graph illustrates the demand and supply curves for automobile tires before the excise tax. please shift the appropriate curve or curves on the graph to demonstrate the new equilibrium.
Answers
In order to determine the effect of the tax on the demand and supply graph, please check the attached image.
A tax is a form of transfer to wealth from businesses to the government. Taxes increase the price of goods and services. As a result of the tax levied on the producers of automobile tires, the cost of making tires would increase. This would make producing tires more expensive.
As a result of the increase in the cost of making tires, the production of tires would fall. As a result, there would be a leftward shift of the supply curve. This would lead to a rise in equilibrium price and a decrease in equilibrium quantity.
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hiro was using the database to prepare information for a presentation to potential investors which tool is he likely to use
A. Queries
B. Reports
C. Sorts
D. Forms
Answers
Answer:
It's Reports
Explanation:
Answer:
B. Reports Hope this helps!
Distinguish between the sources of information about foreign employment and the ways of getting it.
Answers
Working for a company in another country is referred to as foreign employment, and you usually only work in one country. This wouldn't be your native country .
While the terms "foreign employment" and "international workforce" (people of a different nationality) are sometimes used interchangeably, the term really refers to a multinational corporation expanding outside of its home country and recruiting there.
Employers prefer foreign employment because they cannot find qualified local employees, necessitating the hiring of foreigners to do the job.
The following are some methods for obtaining information about foreign employment:
Newspapers, notice boards, electronic media (radio, FM, television, etc.), websites, and public programs
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Becton Labs, Inc., produces various chemical compounds for industrial use. One compound, called Fludex, is prepared using an elaborate distilling process. The company has developed standard costs for one unit of Fludex, as follows:
Standard Quantity
or Hours Standard Price
or Rate Standard Cost
Direct materials 2.5 ounces $ 20.00 per ounce $ 50.00
Direct labor 1.4 hours $ 22.50 per hour 31.50
Variable manufacturing overhead 1.4 hours $ 3.50 per hour 4.90
Total standard cost per unit $ 86.40
During November, the following activity was recorded related to the production of Fludex:
Materials purchased, 12,000 ounces at a cost of $225,000.
There was no beginning inventory of materials; however, at the end of the month, 2,500 ounces of material remained in ending inventory.
The company employs 35 lab technicians to work on the production of Fludex. During November, they each worked an average of 160 hours at an average pay rate of $22 per hour.
Variable manufacturing overhead is assigned to Fludex on the basis of direct labor-hours. Variable manufacturing overhead costs during November totaled $18,200.
During November, the company produced 3,750 units of Fludex.
Required:
1. For direct materials:
a. Compute the price and quantity variances.
b. The materials were purchased from a new supplier who is anxious to enter into a long-term purchase contract. Would you recommend that the company sign the contract?
Answers
.a) Price variance of Becton Labs, Inc.,= $30,000 Unfavorable
Quantity variance of Becton Labs, Inc. = $ $165,000 Unfavorable
b)Based on the unfavorable variances in both price and quantity, it indicates that the company paid more for materials and used more materials than expected. This could be a concern when considering a long-term purchase contract with the new supplier.
1a. Direct Materials Variances:
Price Variance: Actual Quantity (12,000 ounces) x (Actual Price - Standard Price)
= 12,000 x ($225,000/12,000 - $20.00)
= $270,000 - $240,000
= $30,000 Unfavorable
Quantity Variance: (Actual Quantity - Standard Quantity) x Standard Price
= (12,000 ounces - 3,750 ounces) x $20.00
= 8,250 ounces x $20.00
= $165,000 Unfavorable
b. Based on the unfavorable variances in both price and quantity, it indicates that the company paid more for materials and used more materials than expected. This could be a concern when considering a long-term purchase contract with the new supplier. The company may need to negotiate better prices or evaluate alternative suppliers to improve cost efficiency.
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give me some solutions for ups and please read the articles in ordered to do that & I’ll remark u as brainliest
Answers
The first element as per the order of the article be 'The Heading'. The 2d component as per the order of the article must be 'The Name Of The Writer'. The 1/3 aspect as per the order of the article must be 'Introduction'.
Which article used before order?As usual, the precise article "the" is used where the object is recognised information. I would assume "an order" here. If you say "the order", this implies that the recipient already is aware of which order you mean: presumably you have beforehand discussed it.
Does the order of articles in a journal matter?Although an creator list should solely mirror those who have made enormous contributions to a research mission and its draft manuscript (see, for example, the authorship recommendations of the International Committee of Medical Journal Editors), we might be remiss to say that writer order does not matter.
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A----- is any mechanism that loosens the coupling between two or more people or work units
Answers
A decoupling mechanism reduces interdependence and increases autonomy between people or work units, fostering flexibility and independent decision-making within an organization.
A decoupling mechanism serves as a means to decrease the coupling or interdependence between people or work units within an organization. It aims to create greater autonomy and flexibility, enabling each unit to function independently and make decisions without being overly reliant on others. By reducing coupling, organizations can enhance agility, efficiency, and adaptability.
Various strategies can be employed to achieve decoupling, such as clearly defining boundaries and responsibilities, implementing decentralized decision-making processes, promoting self-organizing teams, or utilizing technology solutions that enable seamless collaboration while minimizing dependency.
These mechanisms foster greater individual accountability, enable faster decision-making, and facilitate parallel work streams, ultimately enhancing overall productivity and performance.
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those who watch sporting events regularly are more likely to participate in sports themselves. true false
Answers
The given statement " those who watch sporting events regularly are more likely to participate in sports themselves." is True. Regularly watching sporting events has been found to increase the likelihood of individuals participating in sports themselves.
Exposure to sports through watching can serve as a source of inspiration, motivation, and interest in engaging in physical activity. Watching sports can also provide knowledge, skills, and strategies that individuals may apply when participating in sports.
Additionally, the sense of camaraderie and community fostered by watching sports can encourage individuals to join teams, clubs, or leagues and actively participate in sports.
Overall, regular viewership of sporting events has shown a positive correlation with personal involvement in sports.
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Interest earned on a savings account is _____.
Answers
Explanation:
Interest earned on a savings account is everfi
How many dials of construction management are there and what two should a client or owner focus on?
Answers
Main dial in construction management: cost and schedule. The client should focus on cost control and effective planning for a successful project.
There are several important issues in construction management, but the two main areas that a client or owner should focus on are cost and schedule management. Cost management involves closely tracking and controlling the costs of a project to ensure that it stays within budget.
Schedule management involves effectively planning and coordinating various construction activities to meet project timelines and deadlines. By prioritizing these two aspects, the client can ensure the financial health of the project and its on-time completion, both critical to successful construction management.
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what statement related to bonds is true? Bonds that offer high potential returns are low risk, Bonds have varying levels of risk. Bonds are rarely traded, all bonds are considered low risk?
Answers
The statement that bonds have varying levels of risk is the one related to bonds that is completely true. Therefore, the option B is correct.
The bonds can be identified as the classes of monetary engagement, wherein the subscriber of the bond advances his or her money to the borrowing firm with an intention of getting returns at a predetermined rate of interest. Moreover, the bonds have different levels of risks, which increase with increasing return. Though they are safer investments, they still have chances of default being made.
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match each type of area with the correct level of housing prices?
URBAN
EXURBAN
SUBURBAN
LOW HOUSING PRICES
MEDIUM HOUSING PRICES
HIGH HOUSING PRICES
Answers
Answer and Explanation:
The matching of the area with the level of housing prices is as follows
Urban = High housing prices
As urban refers to that area in which there is a large population so of course the prices of the houses are high
Exurban = Low housing prices
The exurban is located in the rural areas in which there are less populations as compared to sub
Suburban = Medium housing prices
In this the population is more than the exurban
Maureen worked 48 hours last week. Her hourly rate is $8.00. Maureen’s gross pay for last week was
Answers
Answer: the answer is 416
Explanation: just did a quiz with this question! thx for the points! :D
what is the difference between using brainstorming and the delphi technique for risk identification? what are some of the advantages and disadvantages of each approach? describe the contents of a risk register and how the risk register is used in several risk management processes.
Answers
The brainstorming are the based interactive group. Delphi technique are thinking problem based in risk.
What is risk?The term risk refers to the situation of the danger. As the possibility of the situation as the creation of the circumstances. The risk of the loss of something.
The main difference between the brainstorming interactive group and the Delphi technique are thinking issue based. The brainstorming are the risk identification to used solely for generating ideas. Delphi technique for risk identification in their area of expertise.
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in loan amortization , interest payments and principal payments have inverse relationship
true
false
Answers
False. In loan amortization , interest payments and principal payments have inverse relationship
In loan amortization, interest payments and principal payments do not have an inverse relationship. Instead, they have a direct relationship.
Loan amortization refers to the process of gradually paying off a loan over time through regular installments. Each payment typically consists of both interest and principal components.
At the beginning of the loan term, a larger portion of the payment goes towards paying off the interest, while a smaller portion goes towards reducing the principal. As the loan progresses, the proportion of the payment allocated to interest decreases, while the portion allocated to the principal increases.
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what are the primary factors that will determine whether debt snowballs out of control or slowly melts?
Answers
Whether financing economically worthwhile expenditures, like as infrastructure, through federal deficits.
Why does the federal deficit matter?Debt-ridden nations will have less money to invest in their own future. Lessening economic chances for Americans as a result of rising debt. Rising debt discourages corporate investment and impedes economic expansion. Additionally, it raises predictions for rising inflation rates and a decline in confidence in the US dollar.
Is a federal deficit beneficial?Theoretically, a rise in the fiscal deficit might stimulate a sluggish economy by increasing consumer spending and investment opportunities by giving people more money. However, long-term deficits may be harmful to stability and economic growth.
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24. Griffin Dewatering purchases a wellpoint pump connected to a skid-mounted diesel engine for $14,000. Its market value for salvage purposes decrease by 30 percent each year. When installed on a construction job, a wellpoint system operates virtually 24/7, and operating and maintenance costs will be $3,500 the first year, increasing by $600 each year thereafter. What is the optimum replacement interval if MARR
Answers
If Griffin Dewatering's MARR is 15%, the optimum replacement interval is 2.5 years.
How is the optimum replacement interval determined?The optimum replacement interval can be determined by calculating the equivalent annual cost and using the computed value to divide the asset's price.
The equivalent annual cost (EAC) can be computed using an online finance calculator as follows.
The selection of project alternatives is based on their ability to achieve the expected return or the MARR.
Data and Calculations:Market value of engine = $14,000
Salvage value depreciation rate = 30%
Operating and maintenance costs for the first year = $3,500
Increase in operating and maintenance costs after the first year = $600
Equivalent Annual Cost = EAC = (AP * DR)/(1-(1+DR)-n)
= $5,683.62
from an online financial calculator.
Asset Price = ($)14000
Required Return Rate (%) = 15
Number of Periods (Lifespan in years) = 3.3 years (100%/30%)
Optimum replacement interval = 2.5 years ($14,000/$5,683.62)
Thus, the optimum replacement interval, which minimizes the total costs of owning and operating the asset, is 2.5 years.
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Give an example of reframing a problem by using the ‘Clarify the Problem and Goals’
worksheet in It’s Learning. Create the worksheet in your word document, make sure to
fill it out to show that you understand how to reframe the problem.
Answers
Reframing a problem by using the ‘Clarify the Problem and Goals’ worksheet in It’s Learning involves understanding the problem and the goals associated with it. This can be done by breaking down the problem into smaller pieces and looking at it from different angles.
To illustrate this, consider the following example:
Problem: I'm feeling overwhelmed by all of my upcoming exams
Clarify the Problem and Goals Worksheet:
Creating a study scheduleUtilizing study resourcesTaking breaks while studyingPrioritizing tasksCreate an Action Plan:
By following the steps outlined in the 'Clarify the Problem and Goals' worksheet, the problem of feeling overwhelmed can be broken down into smaller and more manageable parts, making it easier to come up with a plan of action.
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1. how does golf challenge's use of fifo improve its net profit margin and current ratio? 2. is the action by golf challenge's owner ethical? explain.
Answers
Golf challenges as using FIFO the cost of goods sold will be calculated by using the cost of the inventory that was FIRST purchased (as opposed to Last purchased when using LIFO).
No, the action by the golf challenge's owner is unethical.
For the first question, as the inventory first purchased had a lower cost than the inventory last purchased, Hence using FIFO will result in the following:
Lower cost of inventory = lower cost of goods sold = higher net income = higher profit margin = higher earning per share = higher taxes payable = no tax advantage. Since closing inventory does reflect current prices current ratio will be improved.
For the second question, It was an unethical practice followed by Golf challenge as the method for valuation of inventory used for financial statements of bank submission is different from the company policy of valuing under LIFO. Golf is the misleading banker for loans by submitting fraudulent financials.
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How many years would it take for money to increase to 3 times the initial amount at an interest rate of 18% per year?
Answers
Answer:
7 years (to the nearest year)
Explanation:
Given that;
A = amount
P= principal
t = time
r = rate
A =3P(given in the question)
Formula for compound interest;
A = P(1 + r)^t
Substituting values;
3P = P(1 + 18/100)^t
3P/P= (1.18)^t
3 = (1.18)^t
log 3 = t log 1.18
t = log 3/log 1.18
t = 0.4771/0.0719
t = 6.6 years
t = 7 years (to the nearest year)