A game has a saddle point when the maximin payoff value equals the minimax payoff value. true or false

Answers

Answer 1

Answer:

True

Explanation:

To answer this question, I'll use the following illustration.

Minimax = <10,18,15>

Maximax = <8,4,10>

The payoff of the minimax is 10 (i.e. the smallest) and the payoff of the maximax is 10 (i.e. the largest)

Both payoffs are equal; hence, 10 is the saddle point.


Related Questions

what is reductionasim​

Answers

Answer:

Thus, the ideas that physical bodies are collections of atoms or that a given mental state (e.g., one person's belief that snow is white) is identical to a particular physical state (the firing of certain neurons in that person's brain) are examples of reductionism.

Explanation:

Team Sports has 4.9 million shares of common stock outstanding, 2.9 million shares of preferred stock outstanding, and 29 thousand bonds. If the common shares are selling for $3.90 per share, the preferred share are selling for $15.9 per share, and the bonds are selling for 98.91 percent of par, what would be the weight used for common stock in the computation of Team's WACC

Answers

Answer:

The weight used for common stock in the computation of Team's WACC is 20.35%.

Explanation:

Since par value of a bond is $1,000, we have:

Bond selling price = Bond par value * Selling price percentage = $1,000 * 98.91% = $989.10

the weight used for common stock in the computation of Team's WACC can be calculated as follows:

Value of common stock = Number of shares of common stock outstanding * Common stock price per share = 4,900,000 * $3.90 = $19,110,000

Value of preferred stock = Number of shares of preferred stock outstanding * Preferred stock price per share = 2,900,000 * $15.9 = $46,110,000

Value of bond = Number of bonds * Bond selling price = 29,000 * $989.10 = $28,683,900

Team's total value = Value of common stock + Value of preferred stock + Value of bond = $19,110,000 + $46,110,000 + $28,683,900 = $93,903,900

Therefore, we have:

Weight of common stock = Value of common stock / Team's total value = $19,110,000 / $93,903,900 = 0.2035, or 20.35%

Therefore, the weight used for common stock in the computation of Team's WACC is 20.35%.

Marketing strategy of strepsils company

Answers

Answer:

InstallCourses

SWOT ANALYSIS ›FMCG ›

Strepsils SWOT Analysis, Competitors, STP & USP

Published by MBA Skool Team, Last Updated: April 20, 2020

SWOT analysis of Strepsils analyses the brand by its strengths, weaknesses, opportunities & threats. In Strepsils SWOT Analysis, the strengths and weaknesses are the internal factors whereas opportunities and threats are the external factors.

SWOT Analysis is a proven management framework which enables a brand like Strepsils to benchmark its business & performance as compared to the competitors. Strepsils is one of the leading brands in the FMCG sector.

The table below lists the Strepsils SWOT (Strengths, Weaknesses, Opportunities, Threats), top Strepsils competitors and includes its target market, segmentation, positioning & Unique Selling Proposition (USP).

Assume that, on January 1, 2021, Sosa Enterprises paid $2,140,000 for its investment in 33,000 shares of Orioles Co. Further, assume that Orioles has 110,000 total shares of stock issued and estimates an eight-year remaining useful life and straight-line depreciation with no residual value for its depreciable assets. At January 1, 2021, the book value of Orioles' identifiable net assets was $7,160,000, and the fair value of Orioles was $10,000,000. The difference between Orioles' fair value and the book value of its identifiable net assets is attributable to $1,900,000 of land and the remainder to depreciable assets. Goodwill was not part of this transaction. The following information pertains to Orioles during 2021: Net Income $ 400,000 Dividends declared and paid $ 240,000 Market price of common stock on 12/31/2021 $ 80 /share What amount would Sosa Enterprises report in its year-end 2021 balance sheet for its investment in Orioles Co.

Answers

Answer:

$2,152,750

Explanation:

Calculation to determine What amount would Sosa Enterprises report in its year-end 2021 balance sheet for its investment in Orioles Co.

Acquisition price for 30% share $2,140,000

($33,000 / $110,000 * 100=30%)

Add: Net income $120,000

($ 400,000 * 30%)

Less: Dividend ($72,000)

($240,000 * 30%)

Less: Excess depreciation ($35,250)

($940,000 / 8 yrs*30%)

[$10,000,000-$7,160,000-$1,900,000)=$940,000]

Investment reported in Balance $2,152,750

Therefore the amount that Sosa Enterprises would report in its year-end 2021 balance sheet for its investment in Orioles Co is $2,152,750

1. ______ are costs that do not require a monetary payment
A) Accounting costs
B) Explicit costs
C) All opportunity costs
D) Implicit costs
2. Joe runs a restaurant. He pays his employees $200,000 per year. His ingredients cost him $50,000 per year. Prior to running his restaurant, Joe was a lawyer earning $150,000 per year. What would economists say is Joe’s cost of running the restaurant?
A) $150,000
B) $200,000
C) $250,000
D) $400,000

Answers

1. The cost that does not need a monetary payment is the implicit cost.

2. The cost of running the restaurant is $400,000.

1.

Implicit cost is normally:

The opportunity cost that occurred at the time when the company used the resources i.e. owned for the production without considering any payment regarding the resources.Here monetary payment should not be involved.

Therefore rest of the given costs should involve monetary payments.

2. The cost of running the restaurant is as follows:

= Employee payment + ingredients cost + lawyer earnings

= $200,000 + $50,000 + $150,000

= $400,000

Therefore we can conclude that

1. The cost that does not need a monetary payment is the implicit cost.

2. The cost of running the restaurant is $400,000.

Learn more about the opportunity cost here: brainly.com/question/13036997

The residual income valuation model is a rigorous and straightforward valuation approach, but the analyst should be aware of all of the following implementation issues that will hinder its ability to measure firm value correctly except: _________

a. common stock transactions
b. portions of net income attributable to equity claimants other than common shareholders
c. dirty surplus accounting items
d. positive book value of equity

Answers

Answer:

d. positive book value of equity

Explanation:

The residual income valuation model is the valuation approach that could have the issues when it is implemented that can create difficulties for measuring the firm value in an accurate way for transactions done for common stock, net income portion for equity other than common stock,, and dirty surplus for an accounting items but not for the positive equity book value as it does not create the difficulties

The difference between domestic and international marketing lies in the different concepts of marketing.

Answers

Answer:

The difference between domestic and international marketing lies in the different concepts of marketing. An international marketer must deal with at least two levels of uncontrollable uncertainty. ... The foreign policies of a country have a direct effect on a firm's international marketing success

Exercise 6-1B Calculate cost of goods sold (LO6-2) A company begins the year with inventory of $53,000 and ends the year with inventory of $43,000. During the year, the company has four purchases for the following amounts. Purchase on February 17 $ 208,000 Purchase on May 6 128,000 Purchase on September 8 158,000 Purchase on December 4 408,000 Required: Calculate cost of goods sold for the year.

Answers

Answer: $912,000

Explanation:

The cost of goods sold for the year will be:

Beginning inventory = $53,000

Add: Purchases = ($208,000 + $128,000 + $158,000 + $408,000) = $902,000

Cost of goods available for sale = $955,000

Less: Ending inventory = ($43,000)

Cost of goods sold = $912,000

What is the IRR, assuming an industrial building can be purchased for $250,000 and is expected to yield cash flows of $18,000 for each of the next five years and be sold at the end of the fifth year for $280,000

Answers

Answer:

9.2%

Explanation:

Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested

IRR can be calculated with a financial calculator  

Cash flow in year 0 =  $-250,000

Cash flow in year 1 = $18,000

Cash flow in year 2 = $18,000

Cash flow in year 3 = $18,000

Cash flow in year 4 = $18,000

Cash flow in year 5 = $18,000 + $280,000

IRR = 9.2%

To determine IRR using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the IRR button and then press the compute button.  

Elbert uses FedEx in a scheme to defraud Global Sales Company by obtaining merchandise to which he is not entitled. Found guilty of mail fraud, Elbert can be punished by

Answers

Answer: None of the choices.

Explanation:

The options to the question are:

a. imprisonment for up to fifty years.

b. imprisonment for up to twenty years and/or fines.

c. fines up to $5 million.

d. none of the choices

Based on the questions asked, the options provided aren't correct. It should be noted that Elbert can be punished by imprisonment in this case for a period of your to about five years as well as a fine of up to $1000.

Your company buys a computer system for $3 million and pays the vendor $200,000 to install the computer system. Your company should record: A. $3.2 million as expenses. B. $2.8 million as equipment and the rest as expenses. C. $3.2 million as equipment. D. $3 million as equipment and $200,000 as expenses.

Answers

Answer:

Your company should record:

C. $3.2 million as equipment.

Explanation:

a) Data and Calculations:

Cost of computer system = $3 million

Installation cost = $200,000

Total equipment cost = $3.2 million

b) The cost of installation, which helps to bring the computer system into its intended use, forms part of the equipment cost.  Therefore, to record the asset in the books of the company, the sum of $3.2 million will be recorded as equipment.  There are no expenses for the equipment at this time.

our Company will open a new store on January 1. Based on experience from its other retail outlets, Entertainment Inc. is making the following sales predictions: Cash Sales Credit Sales January $80,000 $160,000 February $50,000 $170,000 March $60,000 $190,000 April $50,000 $210,000 You estimate that the pattern of collection of credit sales will be 45% in the month of sale and 40% in the month following the sale; 8% in the third month, the remaining 7% is uncollectable. Based on this data calculate the estimated total cash collections for March

Answers

Answer:

Entertainment Inc.

The estimated total cash collections for March are:

= $226,300.

Explanation:

a) Data and Calculations:

                  Cash Sales       Credit Sales

January         $80,000         $160,000

February       $50,000         $170,000

March           $60,000         $190,000

April              $50,000        $210,000

                                January    February     March       April

Credit Sales         $160,000   $170,000    $190,000  $210,000

Cash collections:

45% sales month $72,000     $76,500      $85,500  $94,500

40% ffg sales                             64,000        68,000     76,000

8% third month                                               12,800      13,600

7% uncollectible

Total cash collections for March              $166,300

Cash sales            80,000        50,000       60,000     50,000

Total cash collected for March               $226,300

Annual interest rate 4.00%

Loan Amount 4923275

Years 7

Grace Period 2 Years

Loan Period 5 Years

Total 7 Years

Project 1.5 years (development or initial investment period)

further 10 years of operation (life of the project)

Repayable in 5 equal installments.

I need figures for interest expense, interest paid, and principal repayment. Anyone can help me?

Answers

Answer:

formula is PRT÷10

Explanation:

so solve it

In the two-country model of international labor mobility:________
A) the long-run equilibrium assumes countries' policies place significant restrictions on migration.
B) the long-run equilibrium assumes that desired migration exceeds actual migration.
C) the long-run equilibrium assumes that actual migration exceeds desired migration.
D) the long-run equilibrium is the result of a divergence of the real wages in the two countries.
E) the long-run equilibrium assumes that desired and actual migration are equal.

Answers

E) the long-run equilibrium assumes that desired and actual migration are equal.

In many organizations, information flows much more freely within functional departments than it does across functions (i.e., throughout the entire organization). ________ represents an information system designed to overcome this tendency.

Answers

Answer:

ERP

Explanation:

Enterprise resource planning (ERP) means the software that can be used by an organization in order to manage the day to day business activities like accounting, management of risk, supply chain management, project management, etc

Also here the information could be transfer within the functional departments via the overall organization

Therefore the above should be the answer

If the United States passed a tariff on imported steel which of the following would directly benefit?

A. Foreign steal companies

B. All Americans would benefit because of the lower price for steel

C. Businesses which imports steel

D. American steel producers

Answers

businesses which imports steel C

TCost-908 Car Mechanic Inc. uses a job-order costing system. The company applies all of its overhead costs to jobs using a predetermined overhead rate based on direct labor-hours. At the beginning of the year, it made the following estimates: Direct labor-hours required to support estimated output 22,000 Fixed overhead cost $ 253,000 Variable overhead cost per direct labor-hour $ 1.00 During the year, a customer brought in her car for repairs. The following information was available with respect to the car's repairs: Direct materials $ 703 Direct labor cost $ 317 Direct labor-hours used 8 If TCost-908 sets its selling prices by adding a markup percentage of 40% of its total job cost, then how much would the company have charged this customer for her car's repairs?

Answers

Solution :

1.  Predetermined overhead rate

Fixed [tex]\text{overhead cost}[/tex]    (253,000 / 22,000)    =  $ 11.5

Variable [tex]\text{overhead cost}[/tex] per direct labor-hour  = $ 1

Predetermined overhead rate                          = $12.5

2.  Total job cost                  $

   Direct materials               703

  Direct labor cost               317

 Applied overhead (8 hours x $12.5 per direct labor hour)   = 100

 Total job cost                    = $ 1120

3. Charges     = $ 1120 x 140%

                      = $1568

 

Pricing strategy varies significantly across different market structures.

a. True
b. False

Answers

Answer:

the answer is yes or true

Explanation:

you can understand it by Pricing strategy is the overarching approach used to set pricing for a company's products and services. It doesn't define actual price points, but the pricing structure is a consequence of the strategy, and it's where you set the price customers see

2.- Se hicieron compras de materia prima por $ 50,000.00 más IVA que se pagaron como sigue:
20% en efectivo; 30% quedamos a deber, y el resto con una transferencia bancaria, según Factura ZX87.

10.- Vendemos como fierro viejo algunos lockers de los empleados que ya estaban sin servir, y nos pagan con cheque que depositamos en el banco, la cantidad de $ 3,000 IVA INCLUIDO. Al mismo tiempo tenemos que reparar uno de los lockers nuevos pues la chapa se echó a perder, el cerrajero nos cobra $300 MÁS IVA que pagamos en efectivo

Alguien me dice como van en un libro diario por favor

Answers

no entendi nadita pero que larga tu prwgunta

Freddie's Food Service uses QuickBooks Desktop. They do not track or sell inventory. They have regular customers that they want to invoice automatically on a weekly basis. They would like to review a Sales by Customer by Month report regularly. The company currently pays their vendors in QuickBooks Desktop using the online bill pay service, QuickBooks Bill Pay. After converting to QuickBooks Online, which 3 setup and customization steps are appropriate for this client? Customize reports Turn off multicurrency Rebuild data Review recurring transactions Set up initial quantity on hand and cost for each product Set up and implement an online bill pay service

Answers

Answer:

Customize reports

Review recurring transactions

Set up and implement an online bill pay service

Explanation:

Considering the situation described above, after converting to QuickBooks Online, the 3 setup and customization steps that are appropriate for this client are the following:

1. Customize reports: this includes forms and reports and, if possible to memorize reports.

2. Review recurring transactions: this is to restore desktop QuickBooks memorized transactions.

3. Set up and implement an online bill pay service: this is done either through Intuit Online Payroll or QBOP.

A list of financial statement items for Oriole Company includes the following: accounts receivable $17,500; prepaid insurance $3,250; cash $13,000; supplies $4,750; and debt investments (short-term) $10,250.

Required:
Prepare the current assets section of the balance sheet listing the items in the proper sequence.

Answers

Answer:

$48,750

Explanation:

Preparation of the current assets section of the balance sheet listing the items in the proper sequence

ORIOLE COMPANY Partial Balance Sheet Current assets

Cash $13,000

Debt investments $10,250

Accounts receivable $17,500

Supplies $4,750

Prepaid insurance $3,250

Total current assets $48,750

Therefore the current assets section of the balance sheet listing the items in the proper sequence is $48,750

Suppose that hiring a third worker at the campus coffee shop increases sales from $115 per hour to $130 per hour. What is the marginal product of labor per hour from adding that third worker

Answers

Answer: $15 per hour

Explanation:

The marginal product of labor in this instance is the increase in total sales as a result of one additional worker being hired:

= Change in sales/ change in number of workers

= (130 - 115) / 1

= 15/1

= $15 per hour

You invent of a new type of dog leash. You choose a market segmentation approach and decide to target the large national population of dog owners. After reviewing what identifies an ideal market you realize your segmentation approach does not meet any of the effective segmentation conditions. At this point you should:

Answers

Answer:

refine your approach by going back to the drawing board

Explanation:

Considering the scenario described above in the question, the best thing to do is "refine your approach by going back to the drawing board."

This will give you the chance and opportunity to look for a better plan, then find a perfect segmentation approach that really meets and satisfy all of the effective segmentation conditions.

Wanda opens a retirement account and starts with a balance of $6,000. One year later she has $6,720 in the account. During the year, the consumer price index increased from 160 to 166.4.

The nominal interest rate is ______________ % and the real interest rate is ____________ %

Consider the following information about production in quarter 1 of 2019.

Firm T produces 600 tires at a cost of $28 each, and sells 580 tires to Firm B at a cost of $37 each.
Firm B produces 290 bicycles at a total of cost of $348 each, and sells 280 bicycles to consumers for $407 each.

In this simple economy, what is the value of inventory investment?

Bob sells his 4 year old carto his cousin Bill. This _____________ count in GDP.
Joy sells her 5 year old car to CarMax. This _____________ count in GDP.
Auto Nation sells used cars for 25% more than they pay for them. This ___________ count in GDP

Answers

The nominal and the real interest rate is "12%" and "8%". A further explanation is provided below.

Given:

Future worth,

= $6,720

Present worth,

= $6,000

→ The Nominal interest rate is:

= [tex](\frac{Future \ worth}{Present \ worth})^{1/years} -1[/tex]

= [tex](\frac{6720}{6000} )^1-1[/tex]

= [tex]0.12\times 100[/tex]

= [tex]12[/tex] (%)

Now,

→ The Inflation rate will be:

= [tex]\frac{166.4}{160}-1\times 100[/tex]

= [tex]4[/tex] (%)

hence,

→ The real interest rate will be:

= [tex]Nominal \ rate - Inflation \ rate[/tex]

= [tex]12-4[/tex]

= 18

Thus the above is the right solution.

Learn more about Nominal interest rate here:

https://brainly.com/question/13324776

Which of the following are wholesale and which are retail?
(a ) large-scale deposites made by Firms at negotiated rates of in interest. ...........(retail to wholesales)
(b) Loans made by high Street banks at published rates of interest........ (retail (wholesales)
(c) Deposite in savings accounts high street banks .................(retail /wholesales)
(d) Deposite in savings accounts in building Societies ............. (retail/Wholesale)
(e) Large-scale loans to industry syndicated through several banks........... (retail/ Wholesale)​

Answers

E=whole sale

B=retail

D=retail

A=whole sale

C=whole sale

A company purchases 50 units of inventory for $3.50 on January 5 and 35 units for $3.00 on January 25. It sells a total of 65 units on January 31. If the company is following the FIFO method of inventory costing, what is the total cost of the inventory sold?

Answers

Answer:

COGS= $220

Explanation:

Giving the following information:

A company purchases 50 units of inventory for $3.50 on January 5 and 35 units for $3.00 on January 25.

Number of units sold= 65

First, we need to calculate the number of units in ending inventory:

Ending inventory in units= (50 + 35) - 65= 20

Now, under the FIFO (first-in, first-out) method, the cost of goods sold is calculated using the cost of the firsts units incorporated into inventory:

COGS= 50*3.5 + 15*3

COGS= $220

Kanye Company is evaluating the purchase of a rebuilt spot-welding machine to be used in the manufacture of a new product. The machine will cost $178,000, has an estimated useful life of 7 years, a salvage value of zero, and will increase net annual cash flows by $36,562.
What is its approximate internal rate of return? (Round answer to 0 decimal place, e.g. 13%.)
Internal rate of return

Answers

Answer: 10%

Explanation:

You can use Excel to solve for this.

The investment will be in negative as shown below.

Input the increase in net annual cash flows 7 times to represent 7 years.

IRR = 9.9999%

= 10%

Jordan took a business trip from New York to Denver. She spent two days in travel, conducted business for nine days, and visited friends for five days. She incurred the following expenses:
Airfare $ 520
Lodging 3,200
Meals 800
Entertainment of clients 640
How much of these expenses can Jordan deduct?

Answers

The expenses that Jordan can deduct is $3,731.

This is the amount that she can deduct as business expenses for this trip from New York to Denver.

Data and Calculations:

Expenses incurred on the trip for both business and private purposes:

Lodging   3,200

Meals         800

Total      $4,000

Travel days = 2 days

Business days = 9 days

Visiting friends = 5 days

Total days spent conducting business and visiting friends = 14 days

Business portion of the above expenses = 9/14

Amount to be deducted as business expenses is calculated as follows:

Portion of the above total expense =     $2,571 ($4,000 ( 9/14)

Airfare                                                            520

Entertainment of clients =                            640

Total amount that Jordan can deduct = $3,731

Thus, Jordan can deduct $3,731 of her expenses for the business trip.

Learn more about deductible business trip expenses here: https://brainly.com/question/15127637

giải hộ em câu THUẾ này nói về đúng hay sai và giải thích , đưa ra lời giải giúp em ạ , em cám ơn mọi người ạ
DN nhập một lô hàng với số lượng là 10.000sp A; theo giá FOB cảng nước XK 1usd/sp. chi phí vận tải F và BHQT I phải trả bằng 20% giá nhập của lô hàng. tỷ giá hối đoái tính thuế 20.000 vnđ/usd. Thuế suất TNK 20% (TNK được giảm 20% số thuế phải nộp) , TTTDB 15%, TGTGT 10%. TNK, TGTGT, TTTĐB phải nộp của lô hàng A này lần lược là : 38.400.000 đ; 27.840.000đ; 45.936.000đ.

Answers

Explanation:

giải hộ em câu THUẾ này nói về đúng hay sai và giải thích , đưa ra lời giải giúp em ạ , em cám ơn mọi người ạ

DN nhập một lô hàng với số lượng là 10.000sp A; theo giá FOB cảng nước XK 1usd/sp. chi phí vận tải F và BHQT I phải trả bằng 20% giá nhập của lô hàng. tỷ giá hối đoái tính thuế 20.000 vnđ/usd. Thuế suất TNK 20% (TNK được giảm 20% số thuế phải nộp) , TTTDB 15%, TGTGT 10%. TNK, TGTGT, TTTĐB phải nộp của lô hàng A này lần lược là : 38.400.000 đ; 27.840.000đ; 45.936.000đ.

There is no relationship between the level of education received and lifetime earnings.

Answers

Answer: False

Explanation:

There is a relationship between the level of education that a person receives and the lifetime earnings. It should be noted that the more education that a person receives, the higher the lifetime earnings of such person will be.

For example, someone who has a doctorate degree is expected to have a higher lifetime earnings than someone who has a high school degree.

Therefore, based on the explanation given, the statement is false.

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