As part of his yearly financial planning, Stefen is thinking of investing $1,000 in a certain stock. From past data he knows that this stock either grows to $2,000 in one year (with the probability of 0.40) or goes down to $700 (with 0.60 probability). There is a mobile app that charges him for predicting whether the stock goes up or down. From customer reviews he has noticed that the app has predicted growth for 65% of the stocks that have actually grown. The app also accurately predicted shrinking of 90% of the stocks whose price actually went down. What is the maximum he should pay for the app (EVSI)

On january 1, 2017, fisher corporation purchased 40 percent (90,000 shares) of the common stock of bowden, inc. for $980,000 in cash and began to use the equity method for the investment. the price paid represented a $48,000 payment in excess of the book value of fisher's share of bowden's underlying net assets. fisher was willing to make this extra payment because of a recently developed patent held by bowden with a 15-year remaining life. all other assets were considered appropriately valued on bowden's books. bowden declares and pays a $90,000 cash dividend to its stockholders each year on september 15. bowden reported net income of $400,000 in 2017 and $348,000 in 2018. each income figure was earned evenly throughout its respective year. on july 1, 2018, fisher sold 10 percent (22,500 shares) of bowden's outstanding shares for $338,000 in cash. although it sold this interest, fisher maintained the ability to significantly influence bowden's decision-making process. prepare the journal entries for fisher for the years of 2017 and 2018. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field. do not round intermediate calculations. round your final answers to the nearest whole dollar.)

Large public water and sewer companies often become monopolies because they benefit from although the company faces high start-up costs, the firm experiences average production costs as it expands and adds more customers. smaller competitors would experience average costs and would be less

How success was the first day of the bus boycott