Following is the payoff table for the Pittsburgh Development Corporation (PDC) Condominium Project. Amounts are in millions of dollars.

Suppose PDC is optimistic about the potential for the luxury high-rise condominium complex and that this optimism leads to an initial subjective probability assessment of 0.8 that demand will be strong (S₁) and a corresponding probability of 0.2 that demand will be weak (S₂). Assume the decision alternative to build the large condominium complex was found to be optimal using the expected value approach. Also, a sensitivity analysis was conducted for the payoffs associated with this decision alternative. It was found that the large complex remained optimal as long as the payoff for the strong demand was greater than or equal to $17 million and as long as the payoff for the weak demand was greater than or equal to -$20 million.

A) Consider the medium complex decision. How much could the payoff under strong demand increase and still keep decision alternative d₃ the optimal solution? If required, round your answer to two decimal places.The payoff for the medium complex under strong demand remains less than or equal to $ ________ million, the large complex remains the best decision.

B) Consider the small complex decision. How much could the payoff under strong demand increase and still keep decision alternative d₃ the optimal solution? If required, round your answer to two decimal places. The payoff for the small complex under strong demand remains less than or equal to $________ million, the large complex remains the best decision.

Following is the payoff table for the Pittsburgh Development Corporation (PDC) Condominium Project. Amounts are in millions of dollars.

Suppose PDC is optimistic about the potential for the luxury high-rise condominium complex and that this optimism leads to an initial subjective probability assessment of 0.8 that demand will be strong (S₁) and a corresponding probability of 0.2 that demand will be weak (S₂). Assume the decision alternative to build the large condominium complex was found to be optimal using the expected value approach. Also, a sensitivity analysis was conducted for the payoffs associated with this decision alternative. It was found that the large complex remained optimal as long as the payoff for the strong demand was greater than or equal to $17.5 million and as long as the payoff for the weak demand was greater than or equal to -$19 million.

1. Consider the medium complex decision. How much could the payoff under strong demand increase and still keep decision alternative d₃ the optimal solution? If required, round your answer to one decimal place.
   
   The payoff for the medium complex under strong demand remains less than or equal to $ ??? million, the large complex remains the best decision.
   
2. Consider the small complex decision. How much could the payoff under strong demand increase and still keep decision alternative d₃ the optimal solution? If required, round your answer to one decimal place.
   
   The payoff for the small complex under strong demand remains less than or equal to $ ??? million, the large complex remains the best decision.

In the Keynesian cross model, assume that the consumption function is given by C=$105+0.7(Y−T) Planned investment is $150; government purchases and taxes are both $150.

c. If government purchases increase to $165, what is the new equilibrium income? What is the multiplier for government purchases?

new Y = $

multiplier:

Your portfolio has 40% of its funds invested in IBM and 60% invested in GM. IBM stock has a standard deviation of 30% and GM stock has a standard deviation of 50%. The correlation between IBM and GM stock returns is 0.7. What is the standard deviation of your portfolio return

Forte Inc. produces and sells theater set designs and costumes. The company began operations on January 1, Year 1. The following transactions relate to securities acquired by Forte Inc., which has a fiscal year ending on December 31:

Record these transactions on page 10:

Year 1

Jan.22Purchased 23,600 shares of Sankal Inc. as an available-for-sale security at $18 per share, including the brokerage commission.

Mar.8Received a cash dividend of $0.21 per share on Sankal Inc. stock.

Sep.8A cash dividend of $0.24 per share was received on the Sankal stock.

Oct.17Sold 4,700 shares of Sankal Inc. stock at $15 per share less a brokerage commission of $60.

Dec.31Sankal Inc. is classified as an available-for-sale investment and is adjusted to a fair value of $26 per share. Use the valuation allowance for available-for-sale investments account in making the adjustment.

Record these transactions on page 11:

Year 2

Jan.10Purchased an influential interest in Imboden Inc. for $1,287,000 by purchasing 165,000 shares directly from the estate of the founder of Imboden Inc. There are 500,000 shares of Imboden Inc. stock outstanding.

Mar.10Received a cash dividend of $0.29 per share on Sankal Inc. stock.

Sep.12Received a cash dividend of $0.24 per share plus an extra dividend of $0.06 per share on Sankal Inc. stock.

Dec.31Received $56,400 of cash dividends on Imboden Inc. stock. Imboden Inc. reported net income of $489,800 in Year 2. Forte Inc. uses the equity method of accounting for its investment in Imboden Inc.

Dec.31Sankal Inc. is classified as an available-for-sale investment and is adjusted to a fair value of $21 per share. Use the valuation allowance for available-for-sale investments account in making the adjustment for the decrease in fair value from $26 to $21 per share.

Required:

1.Journalize the entries to record these transactions. Refer to the information given and the Chart of Accounts provided for the exact wording of the answer choices for text entries.

2.Prepare the investment-related asset and stockholders’ equity balance sheet presentation for Forte Inc. on December 31, Year 2, assuming the Retained Earnings balance on December 31, Year 2, is $376,000. Refer to the Chart of Accounts and Amount Descriptions provided for the exact wording of the answer choices for text entries. “Less” or “Plus” will automatically appear if it is required. For those boxes in which you must enter subtracted or negative numbers use a minus sign.

Forte Inc. produces and sells theater set designs and costumes. The company began operations on January 1, Year 1. The following transactions relate to securities acquired by Forte Inc., which has a fiscal year ending on December 31:

Record these transactions on page 10:

Record these transactions on page 11:

X

Chart of Accounts

X

Amount Descriptions

Forte Inc. produces and sells theater set designs and costumes. The company began operations on January 1, 20Y6. The following transactions relate to securities acquired by Forte Inc., which has a fiscal year ending on December 31, 20Y6:

Forte Inc. produces and sells theater set designs and costumes. The company began operations on January 1, Year 1. The following transactions relate to securities acquired by Forte Inc., which has a fiscal year ending on December 31:

Record these transactions on page 10:

Record these transactions on page 11:

Journal

1a. Journalize the entries to record Year 1 transactions. Be sure to enter the year as part of the date for the first entry on each page. Refer to the information given and the Chart of Accounts provided for the exact wording of the answer choices for text entries.

PAGE 10

JOURNAL

ACCOUNTING EQUATION

1b. Journalize the entries to record Year 2 transactions. Be sure to enter the year as part of the date for the first entry on each page. Refer to the information given and the Chart of Accounts provided for the exact wording of the answer choices for text entries.

PAGE 11

JOURNAL

ACCOUNTING EQUATION

Balance Sheet

2. Prepare the investment-related asset and stockholders’ equity balance sheet presentation for Forte Inc. on December 31, Year 2, assuming that the Retained Earnings balance on December 31, Year 2, is $389,000. Refer to the Chart of Accounts and Amount Descriptions provided for the exact wording of the answer choices for text entries. “Less” or “Plus” will automatically appear if it is required. For those boxes in which you must enter subtracted or negative numbers use a minus sign.

Forte Inc. produces and sells theater set designs and costumes. The company began operations on January 1, Year 1. The following transactions relate to securities acquired by Forte Inc., which has a fiscal year ending on December 31:

Record these transactions on page 10:

Record these transactions on page 11:

Chart of Accounts

Amount Descriptions

Journal

1a. Journalize the entries to record Year 1 transactions. Be sure to enter the year as part of the date for the first entry on each page. Refer to the information given and the Chart of Accounts provided for the exact wording of the answer choices for text entries.

PAGE 10

JOURNAL

ACCOUNTING EQUATION

1b. Journalize the entries to record Year 2 transactions. Be sure to enter the year as part of the date for the first entry on each page. Refer to the information given and the Chart of Accounts provided for the exact wording of the answer choices for text entries.

PAGE 11

JOURNAL

ACCOUNTING EQUATION

Balance Sheet

2. Prepare the investment-related asset and stockholders’ equity balance sheet presentation for Forte Inc. on December 31, Year 2, assuming that the Retained Earnings balance on December 31, Year 2, is $389,000. Refer to the Chart of Accounts and Amount Descriptions provided for the exact wording of the answer choices for text entries. “Less” or “Plus” will automatically appear if it is required. For those boxes in which you must enter subtracted or negative numbers use a minus sign.

Problem #4 – Logical Operators: Movie Ticket Price

The local movie theater in town has a ticket price of $12.00.

But, if you are a senior (55 and older), or are under 10, or are seeing a matinee which screens from 3 pm to 5 pm, you get the discounted price of $7.00, nice!

Hint 1: "55 and older" is INCLUSIVE

Hint 2: under 10 is EXCLUSIVE

Hint 3: the range 3 to 5 is INCLUSIVE

Hint 4: limit 1 per patron (i.e., it doesn’t compound)

Hint 5: considering there’s 3 am and pm and 5 am and pm, using a 24-hour clock (aka military time) may be an easier option (0000 to 2359)

Determine which of the two prices the customer is eligible for.

• Givens:

  • Time of Movie (Assume whole numbers here)

  • Age of the customer

• Result To Print Out:

  • "The ticket price is X"

Must use C# coding using conditional statements

Forte Inc. produces and sells theater set designs and costumes. The company began operations on January 1, Year 1. The following transactions relate to securities acquired by Forte Inc., which has a fiscal year ending on December 31:

Record these transactions on page 10:

Record these transactions on page 11: