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sammy [17]
2 years ago
3

A farmer's income depends on weather conditions. The weather is excellent, normal, or bad with respective probabilities of 0.2,

0.6, and 0.2. Suppose she earns a revenue of $120 when the weather is excellent, $60 when the weather is normal, and -$40 when the weather is bad. She incurs a cost of $20 irrespective of weather conditions. Her expected profit is:
a. 32
b. 68
c. 48
d. 52
Business
1 answer:
Temka [501]2 years ago
6 0

Answer:

a. 32

Explanation:

Expected Earnings = $120 × 0.2 + $60 × 0.6 + -$40 × 0.2

                               = $24 + $36 - $8

                               = $52

Expected profit = Expected Earnings - Expected Costs

                          = $52 - $20

                          = $32

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Which of the following is not an input to the aggregate planning process? A. demand forecast B. cost information C. policies on
ale4655 [162]

Answer:

The correct answer is E. master production schedules.

Explanation:

Master production schedules is not an input to the aggregate planning process  all other options are its input,

Aggregate planning process is an attempt to respond to predicted demand within the constraints set by product, process and location decisions.

Hence, master production schedules is not a relevant input for this planning process but can be a result of the aggregate planning process. In other words master production schedule is formed after aggregated planning has been completed.

6 0
2 years ago
Read 2 more answers
A region is in the middle of a very cold and snowy winter. As a result, hot chocolate has become more desirable, and many of the
Oksi-84 [34.3K]

Answer:

The price of hot chocolate will increase for sure due to the sudden increase in the quantity demanded and decrease in the supply. The net effects on the actual quantity demanded are not definite, since a small increase in price will probably not affect it that much and more chocolate sill be demanded, but if the prince increase is too high, probably the quantity demanded will fall.  

8 0
2 years ago
Keidis Industries will pay a dividend of $3.55, $4.65, and $5.85 per share for each of the next three years, respectively. In fo
german

Answer:

price = $47.82

Explanation:

Find the present value of each dividend at the required rate of return and sum them up to get the current price;

PV = FV /(1+r)^n

PV(D1) = 3.55/ (1.099^1) = 3.2302

PV(D2) = 4.65/ (1.099^2) = 3.8500

PV(D3) = 5.85 / (1.099^3) = 4.4072

PV(Price at t=4) = 53 / (1.099^4) = 36.3316

Price = 3.2302+2.9392+4.4072+36.3316

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8 0
2 years ago
At XYZ Corp., the master schedule reflects the fact that 50 percent of its output is product version A, 30 percent is version B,
Makovka662 [10]

Answer:

The weekly production for version A be 100 units

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According to the given data we have the following:

The Total aggregate forecast for the year=10,400 units

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The weekly production=Total aggregate forecast for the year/ numer of weeks

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Therefore, the weekly production for version A=50%of 200 units

The weekly production for version A=100 units

The weekly production for version A be 100 units

6 0
2 years ago
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