An investor is considering 4 investments, A, B, C and leaving his money in the bank. The payoff from each investment is a function of the economic climate over the next 2 years. The economy can expand or decline. The following payoff matrix has been developed for the decision problem. A B C D
1 Payoff Matrix
2
3 Economy
4 Investment Decline Expand
5 A 0 85
6 B 25 65
7 C 40 30
8 Bank 10 10
What decision should be made according to the maximin decision rule?
1. A
2. B
3. C
4. Bank
What decision should be made according to the minimax regret decision rule
1. A
2. B
3. C
4. Bank

When an interest-bearing note comes due and is uncollectible, the journal entry includes debiting

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You are the manager of the packaging department in a cookie factory. (obviously, the packaging employees cannot eat the cookies that are transferred in during the period.) after your employees insert cookies into colorful packages (step 1) for display on store shelves, the packages of cookies are then boxed using cardboard cartons (step 2) for shipment to stores. each unit of product is represented by a carton of packaged cookies. the packaging department began the period with 1,000 units of cookies. during the period, 5,000 units of cookies were transferred in from the baking department and 5,500 units of cookies were transferred out to the finished goods department. the number of units of cookies in the ending inventory of the packaging department equals: