8. A decision maker is faced with three decision alternatives and four states of nature shown in the following profit (pay- off) table in terms of Millions.

Payoff table for three Decision alternatives and four states of nature

If the decision maker knows nothing about the probabilities of the four states of nature (s1, s2, s3, and s4) then what would be your decision;   (2+ 2+4 + 4+3=15)

1. Using pessimistic or Conservative approach (2)

Ans.

                What decision?

                Value of decision?

2. Using Optimistic Approach (2)

Ans.

                What decision?

                Value of decision?

3. Minimizing the maximum regret approach (4)

Ans.

                What decision?

                Value of decision?

4. If, for s1, s2, s3, and s4 probability is given as 0.3, 0.1, 0.4, and 0.2 respectively then what would be the best expected pay off under risk? (4)

Ans.

                What decision?

                Value of decision?

5. What would be the expected value of perfect information? (3)

Ans.

This is in JAVA

Bank Accounts 01: Child Classes

Copy the following SimpleBankAccount class and use it as a base class:

/**
 * Simple representation of a bank account
 *
 * @author Jo Belle
 * @version 0.5 (10/12/2020)
 */

import java.text.NumberFormat;

public class SimpleBankAccount{
    // fields (instance variables)
    private double balance;
    private String accountId;

    /**
     * Constructor for objects of class SimpleBankAccount
     */
    public SimpleBankAccount(){
        balance = 0.0;
        accountId = "";
    }

    /**
     * Constructor for objects of class SimpleBankAccount
     */
    public SimpleBankAccount( double bal, String id ){
        balance = bal;
         accountId = id;
    }

    /**
     * Add money to the balance
     *
     * @param  amount the amount to deposit
     * @return void
     */
    public void deposit( double amount ){
        balance += amount;
    }

    /**
     * Remove money from the balance
     *
     * @param  amount the amount to withdraw
     * @return true (success) or false (failure)
     */
    public boolean withdraw( double amount ){
        if( balance - amount >= 0 ){
            balance -= amount;
            return true;
        }else{
            return false;
        }
    }

    /**
     * Get the balance
     *
     * @return the balance
     */
    public double getBalance(){
         return balance;
    }

    /**
     * Set account ID
     *
     * @param the account ID
     */
    public void setAccountId(String id){
         accountId = id;
    }


    /**
     * Get the account ID
     *
     * @return the account ID
     */
    public String getAccountId(){
         return accountId;
    }

    /**
     * Produces a string represenation of the balance
     * @return The balance (with a label)
     */
    public String toString( ){
        // display balance as currency
        String balanceStr = NumberFormat.getCurrencyInstance().format( balance );
        return "Balance for account " + accountId + ": " + balanceStr + "\n";
    }
}

Include at least two classes: CheckingAccount and SavingsAccount. Save your CheckingAccount class in a file named CheckingAccount.java and your SavingsAccount class in a file named SavingsAccount.java. Your CheckingAccount class needs to add a field to track the last processed check number. Also include both a no-argument constructor and a parameterized constructor (that takes a double and a String). Furthermore, include the following method:

public boolean processCheck( int checkNum, double amount );

which returns false if checkNum has the same check number as the last check processed, otherwise it reduces the balance by amount and returns true.
Your SavingsAccount class needs to have a field for the interest rate. Also include both a constructor that just takes the interest rate (as a double) and a parameterized constructor (that takes a double, String and a double). Furthermore, include an applyInterest() method that multiples the current balance by the interest rate, and adds that to the balance.
The following code should work and produce the output below:

/** 
 * Exercises the basic functionality of a Checking and SavingsAccount
 *
 * @author Jo Belle
 * @version 0.3 (10/12/2020)
 */
public class AccountsDriver{
    final public static double INTEREST_RATE = 0.01;  // 1%

    public static void main( String[] args ){
        CheckingAccount checking = new CheckingAccount( 100.0, "checking123" );
        SavingsAccount savings = new SavingsAccount( 1000.0, "savings124", INTEREST_RATE );

        double monthlyExpenses = 756.34;
        int electricBillCheckNum = 2123;
        double electricBill = 60.34;
        int registationCheckNum = 2124;
        double registration = 50.00;
        double dinnerMoney = 55.32;
        double futureCar = 200.0;
        double textbook = 90.0;

        // checking account transactions
        checking.deposit( monthlyExpenses );
        checking.processCheck( electricBillCheckNum, electricBill );
        checking.withdraw( dinnerMoney );
        checking.processCheck( registationCheckNum, registration );
        System.out.print( checking.toString() );
        System.out.println( );

        // savings account transactions
        savings.deposit( futureCar );
        savings.applyInterest( );
        savings.withdraw( textbook );
        System.out.print( savings.toString() );
        System.out.println( );
    }
}

Output:

Checking Account:
Balance for account checking123: $690.68
Last processed check number: 2124

Savings Account:
Balance for account savings124: $1,122.00
APR: 1.0%

Make just the necessary changes to the code in SimpleBankAccount to complete the instructions.
Submit the following files:

• CheckingAccount.java
• SavingsAccount.java
• SimpleBankAccount.java

Review the chart of accounts in Ch 2. In Excel, create a four column chart of accounts for a fictitious company in your pathway. The company should be a sole proprietor and a service business. In the upper left side of your worksheet list your name, your company name and your pathway. Write a short description of what your company does. Your Chart of Accounts must include the following:

• List at least 16 accounts.
• At least 6 account titles should be customized for your specific company.
• Assign a three digit account number to your accounts following the example chart of accounts.
• Group and title the accounts, as in the example, as Assets, Liabilities, Owner’s Equity, Revenue and Expense.
• In the last two columns, state what the normal balance of the account is (debit or credit), and state how the account is increased (debit or credit).

Your four columns should have the following titles:

• Account number
• Account title
• normal balance
• increases with

The example below is for the cash line

:

Examples of businesses in pathways could be:

• AHCD: Dance, Theater, Film production, Social media, Graphics design or architecture business
• Business: Accounting office, caterer, advertising firm, dry cleaner, restaurant, any business is acceptable
• Education: K-12 tutoring, Child care, Charter schools
• Health Sciences: Dr. or Dentist office, PT office, Hospital, Insurance co,
• IMCT: Engineering Co., Aviation maintenance, Aviation distribution, Supply Chain Management
• Public Safety: Law office, PI, Equipment providers for the industry
• STEM: Engineering Co., Vet. Office, Computer Services co.
• SGSHS: Psychology office, Non-profit agencies, Social Media

I would like to copy this answers. Can please make I can do that.

Thank you in advance

Select a company in your pathway that maintains inventory. Don't use a company that someone has already used. Please put the company's name as the subject of your post. (No posting the company name only to hold it. You must make a full post or I will delete it.)

Access a recent (less than 12 months) annual 10-K report for the company at the EDGAR filings at SEC Edgar searh tool or Yahoo or Google finance. Review the report and in and in a minimum of three paragraphs, tell us the following:

1. When the report was filed and the time period it covers, indicating specific dates.
2. What are the company's major product lines?
3. What inventory methods do they use? (Hint: see the Notes of the financial statements)
4. List the major components of the inventory and their values.
5. Include two other items that you found interesting about the financial statements.

Examples of businesses in pathways could be:

• AHCD: Dance, Theater, Film production, Social media, Graphics design or architecture business
• Business: Accounting office, caterer, advertising firm, dry cleaner, restaurant, any business is acceptable
• Education: K-12 tutoring, Child care, Charter schools
• Health Sciences: Dr. or Dentist office, PT office, Hospital, Insurance co,
• IMCT: Engineering Co., Aviation maintenance, Aviation distribution, Supply Chain Management
• Public Safety: Law office, PI, Equipment providers for the industry
• STEM: Engineering Co., Vet. Office, Computer Services co.
• SGSHS: Psychology office, Non-profit agencies, Social Media

Post your initial response, read all of the posts, and post two detailed replies to at least two other student's posts, who used a company different than yours.

Follow the minimum requirements for discussion board posts located in the general discussion area. Recall, those are the minimum requirements, more posts are always encouraged.

Review the chart of accounts in Ch 2. In Excel, create a four column chart of accounts for a fictitious company in your pathway. The company should be a sole proprietor and a service business. In the upper left side of your worksheet list your name, your company name and your pathway. Write a short description of what your company does. Your Chart of Accounts must include the following:

• List at least 16 accounts.
• At least 6 account titles should be customized for your specific company.
• Assign a three digit account number to your accounts following the example chart of accounts.
• Group and title the accounts, as in the example, as Assets, Liabilities, Owner’s Equity, Revenue and Expense.
• In the last two columns, state what the normal balance of the account is (debit or credit), and state how the account is increased (debit or credit).

Your four columns should have the following titles:

• Account number
• Account title
• normal balance
• increases with

The example below is for the cash line

:

Examples of businesses in pathways could be:

• AHCD: Dance, Theater, Film production, Social media, Graphics design or architecture business
• Business: Accounting office, caterer, advertising firm, dry cleaner, restaurant, any business is acceptable
• Education: K-12 tutoring, Child care, Charter schools
• Health Sciences: Dr. or Dentist office, PT office, Hospital, Insurance co,
• IMCT: Engineering Co., Aviation maintenance, Aviation distribution, Supply Chain Management
• Public Safety: Law office, PI, Equipment providers for the industry
• STEM: Engineering Co., Vet. Office, Computer Services co.
• SGSHS: Psychology office, Non-profit agencies, Social Media

• I NEED TO BE ABLE TO COPY AND PASTE. DO NOT SCAN IT PLEASE.

THANK YOU IN ADVANCE.

Case 10.1

"Pauline McKee, an 87-year-old grandmother, was attending a family reunion at the Isle Casino Hotel Waterloo, a combination hotel and casino. One evening she and several members of her family gambled at the casino. McKee was playing a penny slot machine called “Miss Kitty.” A person wins at the Miss Kitty game by lining up different combinations of symbols from left to right on the slot machine screen. The game includes a button entitled “Touch Game Rules” in the lower left-hand corner of the screen. Tapping this button displays the rules that govern the game and a chart describing potential winning combinations of symbols. These rules do not mention any additional bonus, jackpot, or prize available to a person playing the Miss Kitty game. The rules state “MALFUNCTION VOIDS ALL PAYS AND PLAYS.” A sign posted on the front of the machine reiterates “MALFUNCTION VOIDS ALL PAYS AND PLAYS.” McKee did not read the rules before she played the slot machine.

While playing the game, McKee won $1.85 based on how the symbols had lined up on the slot machine screen. However, at the same time a message appeared on the screen stating “Bonus Award $41797550.16.” The casino paid McKee $1.85 but refused to pay the alleged bonus, claiming it was an error and not part of the game. McKee sued the casino in district court to recover $41,797,550.16. The casino introduced evidence that the appearance of the bonus on the screen was an error in the computer system of the game. The casino made a motion for summary judgment, which was opposed by McKee. The district court held that the rules of the Miss Kitty game were an express contract between McKee and the casino. The court granted summary judgment to the casino. McKee appealed.

Issue

Was there a contract between the parties that provided for the payment of a bonus when playing the Miss Kitty slot machine?

Language of the Court

Gambling contracts are governed by traditional contract principles. We agree with the district court that the Miss Kitty rules of the game are the relevant contract here and that they form an express contract. Further, it is undisputed the rules of the Miss Kitty game did not provide for any kind of bonus. Hence, in our view, McKee had no contractual right to a bonus. Nor is it relevant that McKee failed to read the rules of the game before playing it. It is sufficient that those rules were readily accessible to her and she had an opportunity to read them. On the play in question, the alignment of the reels entitled McKee to a prize of $1.85, and the casino paid it to her, fulfilling its side of the contract.

Decision

The Supreme Court of Iowa affirmed the district court’s grant of summary judgment in favor of the casino."

Read Case 10.1 in your text.

A) Do you think the Court ruled correctly? Why or why not?

B) What does the term "a contract is a contract is a contract" mean and how does it relate to this case?

C) Identify two (2) other examples when people may not read rules or provisions of service that may affect them if there is a problem.

D) Pick an ethical principle that the casino followed by not paying the bonus.

DP Plc is considering whether to purchase a piece of land close to a major city airport. The land
will be used to provide 600 car parking spaces. The cost of the land is K6,000,000 but further
expenditure of K2,000,000 will be required immediately to develop the land to provide access
roads and suitable surfacing for car parking. DP Plc is planning to operate the car park for five
years after which the land will be sold for K10,000,000 at Year 5 prices. A consultant has prepared
a report detailing projected revenues and costs.
Revenues
It is estimated that the car park will operate at 75% capacity during each year of the project. Car
parking charges will depend on the prices being charged by competitors. There is a 40% chance
that the price will be K60 per week, a 25% chance the price will be K50 per week and a 35%
chance the price will be K70 per week.
DP Plc expects that it will earn a contribution to sales ratio of 80%.
Page 5 of 5
Fixed Operating Costs
DP Plc will lease a number of vehicles to be used to transport passengers to and from the airport. It is expected that the lease costs will be K50,000 per annum.
Staff costs are estimated to be K350,000 per annum.
The company will hire a security system at a cost of K100,000 per annum.
Inflation
All of the values above, other than the amount for the sale of the land at the end of the five year period, have been expressed in terms of current prices. The vehicle leasing costs of K50,000 per annum will apply throughout the five years and is not subject to inflation.
Car parking charges and variable costs are expected to increase at a rate of 5% per annum starting in Year 1.
All fixed operating costs excluding the vehicle leasing costs are expected to increase at a rate of 4% per annum starting in Year 1.
Other Information
The company uses net present value based on the expected values of cash flow when evaluating projects of this type.
DP Ltd has a money cost of capital of 8% per annum.
DP’s Financial Director has provided the following taxation information:
(1) Tax depreciation (Capital allowances) is not available on either the initial cost of the land or the development costs.
(2) Taxation rate: 30% of taxable profits. Half of the tax is payable in the year in which it arises, the balance is payable in the following year.
All cash flows apart from the initial investment of K8,000,000 should be assumed to occur at the end of the year.
Required:
(a) Evaluate the project from a financial perspective. You should use net present value as the basis of your evaluation and show your workings in K’000. [14 Marks]
(b) Calculate the internal rate of return (IRR) of the project. [5 Marks]
The main reason why discounted cash flow methods of investment appraisal are considered theoretically superior is that they take account of the time value of money.
Required:
(c) Explain the THREE elements that determine the ‘time value of money’ and why it is important to take it into consideration when appraising investment projects. [6 Marks]
[TOTAL: 25 MARKS]

You are a manager at Marée Rouge Cosmetics International for five years now. When you first began at Marée Rouge, there was a marked lack of communication between the product development and marketing departments, and a good bit of distrust or actual hostility between members of these departments. Why these problems existed was not clear, and often even people in long-standing feuds seemed to have forgotten the original causes of these disputes. While these conflicts did not prohibit professional working relationships, it was obvious that they were hurting the overall operational effectiveness of two departments that needed to work closely together. About three years ago, Marée Rouge leased a new building and was able to house the two departments on the same floor while also giving all areas greater office space. (In the old building, the departments had been housed on separate floors.) Largely due to the greater physical interactions between the departments, you have seen a marked improvement in the communications and work relationships between departmental members. Now there is a strong working relationship between the two areas, and this relationship has lead to faster product development and deployment as well as the initiation of several innovative (and strong selling) new products. However, partly due to this improved firm performance and revenues, Marée Rouge has increased its workforce and needs to find new office space. Currently, the company is looking at a small office park location where each of the major areas can be housed in separate facilities. The office park is beautiful, is located more centrally to most workers’ homes, will be far more comfortable than the existing location, and provides easy access to major suppliers and customers. However, you worry that physically separating the two divisions will destroy their current strong working relationship and may even lead to the same problems that existed before between the divisions. While you know that the move has already been decided on by top management, you feel sure that they will be willing to listen to well thought out suggestions for maintaining the good relationship between the divisions. In order to develop such relationships, you have asked some of your colleagues to help you draft an overview of the situation and suggested methods for avoiding problems. Instructions: Develop a presentation to detail your desired goals for the move, what potential problems you see the new physical location creating, and suggestions for preventing (or reducing) these potential problems. Use all appropriate chapter concepts in developing this presentation. Also, due to the nature of the link between organizational design and organizational behavior, you should draw upon appropriate concepts from other chapters for your answer as well. Questions: What new links did you see between organizational design and organizational behavior? What organizational behavior principles could be used to overcome problems with a given organizational design? What organizational design principles could be used to improve organizational behavior problems? Could communication technology be used to help overcome the expected organizational design problems? Why or why not?

Which of the following statements is true?

3 points   

QUESTION 12

What guideline should be used in determining whether a joint product should be sold at the split-off point or processed further?

3 points   

QUESTION 13

Frank's Drapery Cleaning is estimating the following sales figures for the next four months:

Frank has the following collection pattern on credit sales: 60% in month of sale; 30% in month after sale; 10% in second month after sale. What are Frank's budgeted cash receipts for March?

4 points   

QUESTION 14

Kathy's budgeted production figures (in units) for sweatshirts for next quarter are shown below:

July August September

Budgeted production 3,600 4,100 5,000

Kathy uses 1.2 yards of fabric per sweatshirt and pays $0.75 per yard. Kathy likes to have half of the next month's fabric needs in ending inventory. What is the expected cost of fabric to be purchased in August?

4 points   

QUESTION 15

The following information is from the October cash budget of Daniel's Pet Accessories Shop:

Excess of Cash available over disbursements $800

Cash Balance on Oct. 1 $10,100

Total Cash Disbursements $32,500

Daniel is required to maintain a minimum cash balance of $10,000, how much money should he plan to borrow in October?

4 points   

QUESTION 16

The following information is available for Park Corporation for the month of July:

Cash collections $63,800

Dividends paid in July $4,000

Selling expenses $33,400

Administrative expenses $29,000

Depreciation expense on equipment $2,000

Cash Balances July 1 $900

Park does not have any accounts receivable or accounts payable. What will be the amount of cash disbursements for the month of July and the excess or deficiency of cash for the month of July, respectively?