A casual employee who is not feeling well due to severe colds has to decide whether to go to work or stay home and rest. If he goes to work, there is 50% chance of getting sickand spend $200 for medicine. If he stays home and rest, he will be deducted $80 from hissalary for his absence. What should the man do?

A casual employee who is not feeling well due to severe colds has to decide whether to go to work or stay home and rest. If he goes to work, there is 50% chance of getting sickand spend $200 for medicine. If he stays home and rest, he will be deducted $80 from hissalary for his absence. What should the man do?

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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1) You are in medical school and are trying to decide what specialty you want to train in. You know there is a big investment of time in your schooling, and you are trying to maximize your return on investment (salary). You are also considering becoming a social influencer, a surfer, or a hospital administrator. You are looking short-term, so you are only looking at the first five periods of employment: Options Ophthalmologist Neurosurgeon Dermatologist Primary Care Physician Pediatrician Orthopedic Surgeon Surfer Social Influencer Hospital Administrator Salary Years P1-P5 P3 P1 P2 P4 P5 $3,601,074 $1,475,000 $1,843,750 $2,304,688 $2,880,859 $25,000 $4,500,000 $5,625,000 $7,031,250 $10,546,875 $1,500,000 $1,875,000 $2,343,750 $2,929,688 $3,662,109 $625,000 $781,250 $976,563 $1,220,703 $1,525,879 $875,000 $1,093,750 $1,367,188 $1,708,984 $2,136,230 $2,400,000 $3,000,000 $3,750,000 $4,687,500 $7,500,000 $9,375,000 $375,000 $468,750 $8,500,000 $9,350,000 $300,000 $375,000 $5,859,375…
Suppose that a local airport is near a residential neighborhood. To land at this airport, an airliner must pay $119. To soundproof the local homes, so residents do not hear airplanes all hours of the day, residents must pay $33. What is the private cost for a plane to land at this airport? A What is the external cost of a plane landing at the airport? - What is the social cost of a plane landing at the airport? -
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THIS QUESTION REQUIRES AN ESSAY STYLE ANSWER Harry sells hats in his shop and at the end of the financial year he is is required to do a stocktake. He has 200 hats in the shop available to show and sell to customers. They cost $20 each. He sells them for $50 each. Due to Covid, there has been a surplus available and so the price has dropped from his supplier, so in future he can replace them for $15. Required: What are his options in valuing the stock? Explain to him what is the best option so as to reduce his income tax The answer must include an analysis of the pertinent sections of the relevant legislation, rulings and the relevant case law and give reasons and calculations for your answer
You own a restaurant and are considering additional waiters. Alfred’s pay scheme would be $120 per evening. Blanchard’s pay scheme would be $10 per table served. A. Which would be considered a variable coat and which a fixed cost? B. Charles, a third potential waiter, asks for $60 per evening plus $5/table. From the perspectives of Alfred, Blanchard an Charles, who is taking the most risk and who the least? Who has the most to gain and who the least? C. As you are about to choose, Dutch enters and offers the following: He will accept $7.50/table but wants a guaranteeof minimum $30 per evening. Comparing Charles’ and Dutch’s offers, where do they “break even” for you (i.e., at how many tables will you be paying them the same amount)?
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Your friend, Julia, owns a corner store in your neighborhood. She purchases fresh milk from a nearby farm and sells them in her store. Cost of the milk is $5 per case, and each case can be sold for $6 per case. Since the milk does not go through rigorous treatment, it should be sold within a week. Any milk that is not sold during the week can be sold back to the farm for $2 per case. Based on the historical, she identified the following probability distribution of the demand. Weekly Demand (cases) Probability 16 0.05 17 0.15 18 0.35 19 0.25 20 0.2 One of the reasons why people come to her store is the availability of fresh milk, and those customers typically make other purchases along with fresh milk. She believes there will be a loss of such sales if she is not able to have enough fresh milk in the store, and estimates this loss to be $2 per case. Julia needs some help to determine how many cases of fresh milk she needs to order for the coming…

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