the other son, possibly should get the computer first, because he doesn't need it for much, while the 1st son needs it for a number of things
Here are the tools and services that might be beneficial for Lily:
- Brokerage service, so Lilly could gain access to various kind of private company that is not available on the stock market.
- Stock market software, which contains algorithms that analyze the stock price movement and create a graph to predict how the future price might go.
Answer:
The question is incomplete, The complete question with options should be;
When Sebastian wrote the contract with BP for over two billion dollars, he included targets for performance that had to be met before a payment would be released. Sebastian was trying to avoid ________bias.
A. overconfidence
B. escalation of commitment
C. sunk-cost
D. framing
E. hindsight
The answer is
B. Escalation of commitment
Explanation:
Escalation of commitment is a human behavior pattern in which an individual or group facing increasingly negative outcomes from a decision, action, or investment regardless continues the behavior instead of changing the course.
It simply means the irrational behaviour of investing additional resources to a project that is failing.
These resources could be time, energy and money that an individual continue to invest into a falling and sinking venture or business
So, in this situation, before releasing the payment, Sebastian ensures that the targets should be met for the performance. He is avoiding the situation of escalation of commitment bias of him continuing to release or invest money into an already failing contract.
Answer: <em>Total Period Cost = $20,500</em>
Explanation:
Given :
Salary = $4000
Factory supply = $1000
Indirect labor = $6000
Direct material = $16000
Advertising expense = $2500
Office expense = $14000
Direct labor = $20000
Period costs are the costs incurring that do not tend to be a section of manufacturing process. Therefore, we compute the Period Cost using the following formula:
<em>
Period costs = Salary + Advertising expense + Office expense
</em>
<em>
= $4,000 + $2,500 + $14,000
</em>
<em>
= $20,500</em>
Answer:
$12,650,000.
Explanation:
Reserves is the total amount of a bank's deposit that is not given out as loans
Reserves = Deposits - outstanding loans
Required reserves is the percentage of deposits required of banks to keep as reserves by the central bank
Required reserves = reserve requirement x deposits
0.09 x 415 million = 37.35 million
Excess reserves is the difference between reserves and required reserves
50 million - 37.35 million = 12.65 million
