2. Determine the course of action that has the highest expected payoff for the decision tree below! .....…... $1.0* $1.3 Do nothing Expand $1.3 $1.5 Do nothing Expand $1.6 Build $1.8 $0.7 Do nothing $1.5 $1.0 $1.6 $1.6 $1.5 $1.7 ($0.9) $1.4 $1.0 $1.0 $1.1 $0.9 $2.4 Subcontract Expand Build Small demand (.4) Medium demand (.5) • Net present value in millions Large demand (.1) Small demand (4) Medium demand (.5) Large demand (.1) Medium demand (.5) Large demand (.1) Small demand (4) Other use #1 Other use #2 Do nothing Subcontract Build Do nothing Other use #1 Other use #2 Do nothing Other use #1 Other use #2
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- Given the following decision tree, calculate the EMV and the best decision that should be made. Office Growth BUILD EXPAND a. EMV: $393000; Decision: Build Ob. EMV: $522000; Decision: Build OC. EMV: $915000; Decision Expand and Build Od EMV: $393000; Decision: Expand High Demand Low Demand High Demand Low Demand 60% Probability $650,000 Impact 40% Probability $330,000 Impact 70% Probability $510,000 Impact 30% Probability $120,000 Impact28. 4.4 The Gorman Manufacturing Company must decide whether to purchase a component part from a supplier or to manufacture the component at its own plant. If demand is high, it would be to Gorman's advantage to manufacture the component. If demand is low, however, Gorman's unit manufacturing cost will be high because of underutilization of equipment. The projected profit in thousands of dollars for Gorman's make-or-buy decision is as follows. Demand Medium $40 $45 Decision Manufacture component Purchase component a. Determine the best decisions using the maximax, maximin, and opportunity loss decision criteria. b. Assume that the probability of low demand is 0.35, of medium demand is 0.35, and of high demand is 0.30. What is the best decision using the expected value criterion and what is the expected value of perfect information? Low $220 $210 High $100 $70Assume that a company provided the following information and assumptions from its master budget: Sales budget: Unit sales in June, July, and August are 20,000, 18,000, and 17,000, respectively. The selling price per unit is $80. All sales are on account. 20% of sales are collected in the month of sale and 80% are collected in the next month. What are the budgeted sales for July? Multiple Choice $1,440,000 $1,600,000 $288,000 $1,152,000
- Please do not give solution in image format thanku Answer these Multiple Choice Questios: 6) Which of the following could be consideration to meet this important contracting requirement in exchange for a concert ticket worth $50? a) A mere peppercorn will do! b) $50 cash c) a video game originally purchased for $35 d) All of the above2. A city is holding an annual marathon event and wants to produce t-shits. Alfonso was able to obtain previous years' demand and probability data as given in below table. The selling price is $10, cost is $5, and the salvage value is $1. Calculate all payoff numbers in the table and profit. Show work. How many shirts should they prepare? Prepare 1000 Prepare 2000 Prepare 3000 Demand=1000| Demand=2000 Demand=3000 30% 35% 35% Profit IMavis and John have joined forces to start M&J Food Products, a processor of packaged shredded lettuce for institutional use. John has years of food processing experience, and Mavis has extensive commercial food preparation experience. The process will consist of opening crates of lettuce and then sorting, washing, slicing, preserving, and finally packaging the prepared lettuce. Together, with help from vendors, they think they can adequately estimate demand, fixed costs, revenues, and variable cost per 5-pound bag of lettuce. They think a largely manual process will have monthly fixed cost of $50,000and a variable cost of $2.50 per bag. They expect to sell 75,000 bags of lettuce per month. They expect to sell the shredded lettuce for $3.25 per 5-pound bag. John and Mavis has been contacted by a vendor to consider a more mechanized process. This new process will have monthly fixed cost of $125,000 per month with a variable cost of $1.75 per bag. Based on the above scenario: Should…
- A shopping center in Miami, Florida was purchased for $16 million and was expected to produce a first year annual NOI of $960,000. Financing was obtained at a 60% LTV ratio with a 4.5% annual interest rate payable monthly and fully amortizing over 25 years. What is the expected first year before tax cash return on invested equity? a. 8.25% b. 6.0% c. 4.5% d. 5.0%An investment proposal will have annual fixed costs of $60,000, varial costs of $35 per unit of output, and revenue of $55 per unit of output. i) Determine the break-even quantity. ii) What volume of output will be necessary for an annual profit of $60,000Corral Cartage leases trucks to service its shipping contracts. Larger trucks have cheaper operating costs if there is sufficient business, but are more expensive if they are not full. CC has estimates of monthly shipping demand. What comparison method(s) would be appropriate for choosing which trucks to lease? 1.Present Worth(PW) 2.Annual Worth(AW) 3.Payback Period
- Ally’s friend, Kat, is going to start selling cookies for her at local events. Ally is going to give her 40% of the gross profit for each dozen she sells as a commission. The investment and fixed costs have changed but the variable cost for each dozen cookies has not. Since the cookies are so popular they are raising the price to $15 per dozen. Ally’s costs are: Initial investment: $450Fixed costs: $375Variable costs: $3 (per dozen) Ally expects Kat to sell 100 dozen cookies at each event. What is Ally’s projected NET profit after ALL expenses including her initial investment for the first twelve events Kat attends and how much will Kat make in commissions? Ally’s Net Profit = ; Kat’s Commission = Question 18 options: 1) Ally’s Net Profit = $13,575; Kat’s Commission = $3,600 2) Ally’s Net Profit = $10,185; Kat’s Commission = $4,800 3) Ally’s Net Profit = $7,815; Kat’s Commission = $5,760 4) Ally’s Net Profit = $9,815; Kat’s Commission = $6,760Uncertainty and risk are sometimes used interchangeably, but they are not really the same, please discuss?Stock option and performance shares are examples of Select one: a. Short-term incentive plan O b. Long-term incentive plan c. Base salary O d. Foxed pay plan