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A company gives each worker a cash bonus every Friday, randomly giving a worker an amount with the probabilities: $10 0.9, $50 0.1. Over many weeks, what is a worker's expected weekly bonus?
1. (10 + 50)/2=$30
2. 10 x 0.9 + 50 x 0.1=$14
3. (10 x 0.9 + 50 x 0.1) / 2=$7
4. (10 + 50) / 10= $6
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- See the answer A local movie studio wants to determine which of two new scripts they should select for their next major production. The manager feels that script #1 has a 70% chance of earning Php100 million over the long run, but a 30% chance of losing Php20 million. If this movie is successful, then a sequel could also be produced, with an 80% chance of earning Php50 million, but a 20% chance of losing Php10 million. On the other hand, she feels that script #2 has a 60 % chance of earning Php120 million, but a 40% chance of losing Php30 million. If successful, its sequel would have a 50% chance of earning $80 million and a 50% chance of losing Php40 million. As with the first script, if the original movie is a "flop," then no sequel would be produced. What is the expected payoff from selecting script #2?Incorporating flotation costs into the analysis of a project will : a. increase the initial cash outflow of the project b. cause the project to be improperly evaluated c. increase the net present value of the project d. increase the project's rate of returnA building contractor has a contract which will expire in 30 days. He has 80 men on the job and can finish the job in 50 days. The wage per day of 40 men is P6.00 each and that of the other men is P4.00 each for 8 hours work per day. The fine or liquidated damages for delay in the work is P100.00 per day. How many more men should the contractor add in order to complete the work on time? Assuming that the additional men to be added will be paid P6.00 per day, will the contractor save money by employing enough men for him to complete the work on time or by not adding more men and paying the fine? How much is the savings, if any? No overtime work is permitted.
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- Calculations: 1. You are valuing a 10-acre vacant lot with a septic system and a well on site. The size adjustment factor for 10 acres is 2.23. You have found two recent sales to use as comparables. -Sale 1 is 3.5 acres in size and has a septic system and a well on site. It sold for $200,000. The corresponding size adjustment factor for 3.5 acres is 1.57. -Sale 2 is 7 acres in size and sold for $225,000. However, it does not have a septic system or a well, which will cost $50,000 total to install. The corresponding size adjustment factor for 7 acres is 1.93. CALCULATE THE RANGE OF THE VALUE OF THE 10-ACRE VACANT LOT ADJUSTED FOR SIZE, ROUNDED TO THE NEAREST $1,000. SHOW YOUR WORKYou are the project manager for a railroad construction project. Your sponsor has asked you for a forecast for the cost of project completion. The project has a total budget of $80,000 and CPI of .95. The project has spent $25,000 of its budget so far. How much more money do you plan to spend on the project? A. $80000 B. $84,210 C. $59,210 D. $109,210An engineer failed to finish its building construction contract on time. With this, a penalty of P10,000 will be paid for each day that passes beyond the date of contract. According to the engineers estimate, if the construction will continue with the same number of workers, the project will be finished 30 days after the contract date. But the engineer also has an option of hiring more workers to hasten the construction process. Every additional worker, the engineer has to pay P3,000 per day and every 3 additional workers the construction period will be lowered down by 1 day. But, the engineer can only hire 21 workers. If you are the engineer, what method are you going to follow so as to incur a lesser amount of extra construction cost? Just pay P10,000 per day for 30 days? Or just hire additional workers to lower down the construction time?
- Suppose that you’re a finance major and upon graduation you want a job, preferably as a personal financial planner, with a minimum salary of Rs 1,50,000 and within a hundred miles of your hometown. You accept a job offer as a business credit analyst—not exactly a personal financial planner but still in the finance field—at a bank 50 miles from home at a starting salary of Rs 1,20,000. If you had done a more comprehensive job search, you would have discovered a job in personal financial planning at a trust company only 25 miles from your hometown and starting at a salary of Rs 1,60,000. Were you a perfectly rational decision maker in this case? Why or why not? Explain.Jack Hopson has been making wood furniture for more than ten years. He recently joined Metropolitan Furniture and has some ideas for Sally Boston, the company’s CEO. Jack likes working for Sally because she is very open to employee suggestions and is serious about making the company a success. Metropolitan is currently paying Jack a competitive hourly pay rate forhim to build various designs of tables and chairs. However, Jack thinks that an incentive pay plan might convince him and his co-workers to put forth more effort. At Jack’s previous employer, a competing furniture maker, Jack was paid on an incentive pay plan. The company paid Jack a designated payment for every chair or table that he completed. Jack felt this planprovided him an incentive to work harder to build the furniture pieces. Sally likes Jack’s idea, however, Sally is concerned about how such a plan would affect the employees need to work together as a team. While the workers at Metropolitan build most furniture…Read this article about the 25 lowest paying jobs in the U.S.: https://www.thebalancecareers.com/top-worst-paid-jobs-2061699 Select one of the jobs listed and answer the following questions: What is the mean annual wage for this job? (use the figures in the article). Calculate the hourly wage for this job (use 40 hours/week * 50 weeks/year = 2,000 hours to find the answer) In your own words, explain why do you think this job has such a low wage range? Use vocabulary you have learned in this class and information from this article to support your argument (how does the law of supply and demand affect the wages for workers in this profession? Is there any competition? What about technology? Etc.)