As a college student, I can divide my career prospects into two categories: a high-status job that pays $160,000 per year or low-status job that pays $40,000 per year. My probability of landing the high-status job is equal to the amount of studying I do, S, where S can vary from 0 (no studying) to 1 (constant studying). Studying is costly, such that my utility function can be expressed as: U(Y,S) = Y0.5 – 400*S2 , where Y is income. If I’m maximizing expected utility, how much should I study? **Only consider income in the first year, not as a stream of payments over time.**
As a college student, I can divide my career prospects into two categories: a high-status job...
This year Evan graduated from college and took a job as a deliveryman in the city. Evan was paid a salary of $68,500 and he received $700 in hourly pay for part-time work over the weekends. Evan summarized his expenses below: Cost of moving his possessions to the city (125 miles away) Interest paid on accumulated student loans Cost of purchasing a delivery uniform Contribution to State University deliveryman program $1,200 2,840 1,440 1,320 Calculate Evan's AGI and taxable income...
Questions: 1. How successful has Emilio been over the entire course of his career? What criteria do you use to measure career success? Award a number grade on a scale of one to ten. Explain your answer. 2. How well has Emilio responded to change? 3. How good of a job did ICL do in managing Emilio Kornau’s career? 4. Compare and contrast Emilio Kornau with Mark Margolis. How were the two men different? What were the impact of these...
Hello, my name is Shady Slim. I understand you are going to help me figure out my gross income for the year... whatever that means. It's been a busy year and I'm a busy man, so let me give you the lowdown on my life and you can do your thing I was unemployed at the beginning of the year and got $2,000 in unemployment compensation. I later got a job as a manager for Roca Cola. I earned $57,500...
Can someone tell me what I am missing in these T-accounts? My answer says incomplete but I’m not sure what is missing. work- Ch 3 0 Help Save & Exit S Check my w Ricky's Plano Rebuilding Company has been operating for one year. On January 1, at the start of its second year, its income statement accounts had zero balances and its balance sheet account balances were as follows: Cash Accounts Receivable Supplies Equipment Land Building $ 6,000 Accounts...
I am in desperate need of help with this project. Apparently my answers are all wrong. 3:02 PM Thu Feb 27 4796% AC 321 Intl - FA19 - Comprehensive Project Insert Draw Formulas Data Review View 8 Q o Calibri (Body) 12 B U Home B ^ A = 1 EE tx ã į 19 2 3 4 All work must be completed using this Excel spreadsheet. All journal extries, financial statements, etc. must be prepared in clean, proper form....
I am really struggling with this assignment, can anyone help? It is supposed to work with two files, one that contains this data: 5 Christine Kim # 30.00 3 1 15 Ray Allrich # 10.25 0 0 16 Adrian Bailey # 12.50 0 0 17 Juan Gonzales # 30.00 1 1 18 J. P. Morgan # 8.95 0 0 22 Cindy Burke # 15.00 1 0 and another that contains this data: 5 40.0 15 42.0 16 40.0 17 41.5...
Hi can you help me make a summary about this short article and how it affects me economically as US citizen ? Supported by Federal Shutdown’s Uneven Toll: Some Americans Are Devastated, Others ObliviousFederal Shutdown’s Uneven Toll: Some Americans Are Devastated, Others Oblivious “It has been terrible,” said Andrea Caviedes, a furloughed loan processor in the Agriculture Department’s rural development program.CreditMichael B. Thomas for The New York Times Image “It has been terrible,” said Andrea Caviedes, a furloughed loan processor...
Hi, i just need the highlighted ones. Thank you! CHAPTER 1 Understanding Personal Finance 33 LET'S TALK ABOUT IT 1. Economic Growth. What tpes of federal government Federal Reserve. Describe some economic circumstances that might persuade the Federal Reserve to lower short-term inter- ctfoets to help stimulate economic growth affect 2 The Business Cycle. Where is the United States in the economic cycle now, and where does it seem to be heading? List some indicators that suggest in which direction...
I need help on the highlighted questiona. For questions 2,4, & 5 I need help with the step by step process to the answers. Thanks! what financial data do you need? i sent a photo of the assigment. The last photo is of a balance sheet and income statement QUESTIONS 1. Give as many reasons as you can why Moore's initial estimate of the value of the restaurant was inappropriate. 2. Calculate the current liquidation value of the business assuming...
write up an essay on the problems in budgeting derived from the articles (i do Upvote the answers ) Why Budgeting Kills Your Company HBSWK Pub. Date: Aug '1 1, 2003 Why doesn't the budget process work? Read what experts say about not only changing your budgeting process, but whether your company should dispense with budgets entirely. by Loren Gary The average billion-dollar company spends as many as 25,000 person-days per year putting together the budget. If this all paid...