Mr. Denmark is thinking about either building a quadplex (a building with four apartments), building a duplex, or simply doing nothing. Mr. Denmark is also thinking about hiring his old marketing professor to conduct a marketing research study. If the study is conducted, the study could be positive or negative, but it would cost him $3,000. Mr. Denmark believes that there is a 50–50 chance that the information will be positive. If the rental market is favorable, he will earn $15,000 with the quadplex or $5,000 with the duplex. He doesn’t have the financial resources to do both. With an unfavorable rental market, however, Mr. Denmark could lose $20,000 with the quadplex or $10,000 with the duplex. Without conducting the market research study, Mr. Denmark estimates that the probability of a favorable rental market is 0.6. Based on historical data, there is a 0.8 probability that the marketing research will be positive given a favorable rental market. Moreover, there is a 0.7 probability that the marketing research will be negative given an unfavorable rental market. Of course, Mr. Denmark could forget all of these numbers and do nothing.
Answers: 2
Business, 21.06.2019 19:50
Which of the following best describes the economic effect that results when the government increases interest rates and restricts the lending of money? a. borrowing money becomes more expensive and there is less investment in production. b. the economy grows as investments result in larger profits. c. government spending drives up prices because of greater competition for goods and services. d. consumers save more money and spend less buying goods and services.
Answers: 2
Business, 22.06.2019 11:30
Buyer henry is going to accept seller shannon's $282,500 counteroffer. when will this counteroffer become a contract. a. counteroffers cannot become contracts b. when henry gives shannon notice of the acceptance c. when henry signs the counteroffer d. when shannon first made the counteroffer
Answers: 3
Business, 22.06.2019 16:20
The following information relates to the pina company. date ending inventory price (end-of-year prices) index december 31, 2013 $73,700 100 december 31, 2014 100,092 114 december 31, 2015 107,856 126 december 31, 2016 123,009 131 december 31, 2017 113,288 136 use the dollar-value lifo method to compute the ending inventory for pina company for 2013 through 2017.
Answers: 1
Mr. Denmark is thinking about either building a quadplex (a building with four apartments), building...
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