Three friends are trying to decide what to do on Saturday night. The options are to go to a party, go see a play, or hang out at their apartment. Abdul prefers to see a play over going to the party, which he prefers to hanging out. Gina prefers to hang out over seeing a play, which she prefers to going to the party. Shaquille would most like to go to the party, his second choice is to hang out, and the play is his least preferred option. In the spirit of democracy, they decide to vote on their options. In a three-way vote, they each vote for a different choice, leading to a tie and failing to solve their problem. They thus decide to consider the options in pairs.
(1 point) Shaquille suggests that they first vote on hanging out versus going to the play and then vote on the winner of that versus going to the party. Which option will be chosen?
Choose one:
A. Go to the play.
B. Go to the party.
C. Hang out.

Answers

Answer 1

Answer:

go to party

Explanation:

Scale of preference can be described as a list of wants of individuals. They are usually arranged in order of importance or preference.

If the individuals vote  on hanging out versus going to the play :

Abdul would vote to see a play because it is his most preferred activity

Gina would vote to go hangout because it is her most preferred activity

Shaquille would vote to hangout. this is because going to the play is his second most preferred activity

so hangout would win with 2 votes to 1 in this round.

In the next round of voting, the two contenders would be hangout and going to the party.

Abdul would vote to go the party.  Going to the party is  his second most preferred activity and hangout is his least preferred activity

Gina would vote to go hangout because it is her most preferred activity

Shaquille would vote to go to the party. This is his most preferred activity.

Going to the party would win the second round of voting


Related Questions

state three essential characteristics of a good leaders​

Answers

Answer:

The Characteristics & Qualities of a Good Leader

Integrity.

Ability to delegate.

Communication.

Self-awareness.

Gratitude.

Learning agility.

Influence.

Empathy.

Answer:

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Moby Enterprises reports the following information for 2019. ($ numbers are totals for 2019, not per unit) Selling price per unit $800 Beginning and ending balances of Work in Process Inventory 0 Beginning balance of Finished Goods Inventory (50 units) $28,750 Units produced 90 Units sold 100 Direct material used (variable) $12,000 Direct labor used (variable) $28,000 Manufacturing overhead (variable) $4,550 Manufacturing overhead (fixed) $10,800 Selling and admn. expenses: sales commission (variable) $4,000 fixed $10,000 Notes: Moby uses FIFO for maintaining its finished goods inventory account. The Beginning Finished Goods Inventory balance of $28,750 consists of $24,250 in variable manufacturing costs and $4,500 of fixed manufacturing overhead. REQUIRED: Part 1. Compute the following for 2019 using absorption costing: a. Total Manufacturing Costs b. Cost-of-Goods-Manufactured c. Per unit cost of production d. Ending balance of Finished Goods Inventory (in units and dollars) e. Cost-of-goods sold f. Gross Margin g. Net Income Part 2. Identify clearly how the fixed manufacturing overhead (both that in the opening inventory and that incurred in 2019) has moved.

Answers

Answer:

Moby Enterprises

Part 1:

a. Total Manufacturing Costs:

Direct material used (variable)        $12,000

Direct labor used (variable)            $28,000

Manufacturing overhead (variable)  $4,550

Manufacturing overhead (fixed)     $10,800

Total manufacturing costs =         $55,350

b. Cost-of-Goods-Manufactured:

Total manufacturing costs  =  $55,350

c. Per unit cost of production = $55,350/90 = $615

d. Ending balance of Finished Goods Inventory (in units and dollars)

Beginning inventory of finished goods = 50

Plus units produced                                  90

Less units sold                                        (100)

Ending inventory of finished goods =     40 units

Cost of ending inventory of finished goods = $24,600 (40 * $615)

e. Cost-of-goods sold:

Beginning Finished Goods Inventory    $28,750

Cost of goods manufactured                   55,350

Less Ending Finished goods inventory (24,600)

Cost of goods sold =                             $59,500

f. Gross Margin:

Revenue ($800 * 100) = $80,000

Cost of goods sold =       (59,500)

Gross Margin =              $20,500

g. Net Income:

Gross Margin  $20,500

Less expenses (14,000)

Net income =    $6,500

Part 2. Identify clearly how the fixed manufacturing overhead (both that in the opening inventory and that incurred in 2019) has moved.

Fixed manufacturing overhead in Beginning Inventory = $4,500

= $90 per unit ($4,500/50)

Fixed manufacturing overhead in current period = $10,800

= $120 per unit ($10,800/90)

This shows that the per unit cost of fixed manufacturing overhead has increased from $90 to $120.

Explanation:

a) Data and Calculations:

Selling price per unit $800

Beginning and ending balances of Work in Process Inventory 0

Beginning balance of Finished Goods Inventory (50 units) $28,750

$24,250 in variable manufacturing costs and $4,500 of fixed manufacturing overhead

Units produced 90

Units sold 100

Ending Finished Goods Inventory = 40 units (50 + 90 = 100)

Direct material used (variable) $12,000

Direct labor used (variable) $28,000

Manufacturing overhead (variable) $4,550

Manufacturing overhead (fixed) $10,800

Selling and admin. expenses:

sales commission (variable) $4,000

fixed $10,000

Prepare an amortization schedule for a three-year loan of $114,000. The interest rate is 11 percent per year, and the loan calls for equal annual payments. How much total interest is paid over the life of the loan?

Answers

Answer:

$1254.000 loan

Explanation:

hope help keep learning

[The following information applies to the questions displayed below.]
The general ledger of Jackrabbit Rentals at January 1, 2021, includes the following account balances:
Accounts Debits Credits
Cash $ 41,500
Accounts Receivable 25,700
Land 110,800
Accounts Payable 15,300
Notes Payable (due in 2 years) 30,000
Common Stock 100,000
Retained Earnings 32,700
Totals $ 178,000 $178,000
The following is a summary of the transactions for the year:
1. January 12 Provide services to customers on account, $62,400.
2. February 25 Provide services to customers for cash, $75,300.
3. March 19 Collect on accounts receivable, $45,700.
4. April 30 Issue shares of common stock in exchange for $30,000 cash.
5. June 16 Purchase supplies on account, $12,100.
6. July 7 Pay on accounts payable, $11,300.
7. September30 Pay salaries for employee work in the current year, $64,200.
8. November 22 Pay advertising for the current year, $22,500.
9. December 30 Pay $2,900 cash dividends to stockholders.
The following information is available for the adjusting entries.
Accrued interest on the notes payable at year-end amounted to $2,500 and will be paid January 1, 2022. Accrued salaries at year-end amounted to $1,500 and will be paid on January 5, 2022. Supplies remaining on hand at the end of the year equal $2,300.
Record closing entries. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)

Answers

Answer:

3.2 Million

Explanation:

You are considering investing $1,000 in a T-bill that pays 0.05 and a risky portfolio, P, constructed with 2 risky securities, X and Y. The weights of X and Y in P are 0.60 and 0.40, respectively. X has an expected rate of return of 0.14 and variance of 0.01, and Y has an expected rate of return of 0.10 and a variance of 0.0081. If you want to form a portfolio with an expected rate of return of 0.10, what percentages of your money must you invest in the T-bill, X, and Y, respectively if you keep X and Y in the same proportions to each other as in portfolio P

Answers

Answer:

% in T bills = 18.92%, % in P = 81.08%

Explanation:

Portfolio return = Weighted average return

Return of portfolio P = 0.14*0.6 + 0.10*0.4

Return of portfolio P = 0.124

Let % money in T bills be x

0.11 = 0.05*x + 0.124*(1-x)

0.11 = 0.05x + 0.124 - 0.124x

0.014 = 0.074x

x = 18.92%

Hence, % in T bills = 18.92%, % in P = 81.08%

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