The product design group of iyengar electric supplies, inc., has determined that it needs to design a new series of switches. it must decide on one of three design strategies. the market forecast is for 300 comma 000 units. the better and more sophisticated the design strategy and the more time spent on value engineering, the less will be the variable cost. the chief of engineering design, dr. w. l. berry, has decided that the following costs are a good estimate of the initial and variable costs connected with each of the three strategies explained below. low-tech: a low-technology, low-cost process consisting of hiring several new junior engineers. this option has a fixed cost of $45 comma 000 and variable-cost probabilities of 0.3 for $0.58, 0.4 for $0.57, and 0.3 for $0.51. subcontract: a medium-cost approach using a good outside design staff. this approach would have a fixed cost of $60 comma 000 and variable-cost probabilities of 0.6 of $0.47, 0.2 of $0.43, and 0.2 of $0.31. high-tech: a high-technology approach using the very best of the inside staff and the latest computer-aided design technology. this approach has a fixed cost of $70 comma 000 and variable-cost probabilities of 0.7 of $0.41 and 0.3 of $0.29. what is the best decision based on an expected monetary value (emv) criterion? (note: we want the lowest emv, as we are dealing with costs in this problem.)

Peppy roaney believes that pizza is a much more versatile dish than most people realize. as the national marketing manager for pizza guys, he observed how consumers were delighted with barbecue pizza, hawaiian pizza, mexican pizza and other unique combinations. his suggestions for other unusual pizzas, however, were met with a negative response by his superiors. even some of his colleagues laughed at his ideas. peppy's confidence in his ability to understand the market has led him to focus on planning a business of his own. peppy realizes that he will take a risk when he leaves his job with pizza guys and embarks upon a new venture: peppy's pizzazzeria. peppy is excited about the potential of profitably catering to the unmet desires of pizza consumers. peppy is confident that peppy's pizzazzeria will be a success, but only if he has enough money to do things right. since peppy has very little personal wealth, he knows he must obtain financial assistance. in order to prepare for meetings with bankers and p

Consider an economy where government expenditures are 10 and total tax revenues are 10. the supply of labor is fixed at 125 and the supply of capital is fixed at 8. the economy is described by the following equations. y k to the power of 1 divided by 3 end exponent l to the power of 2 divided by 3 end exponent c 2.5 + 0.75 ( y - t ) i 10 - 0.5 r the level of private savings is

Alpha company uses the periodic inventory system for purchase & sales of merchandise. discount terms for both purchases & sales are, 2/10, n30 and the gross method is used. unless otherwise noted, fob destination will apply to all purchases & sales. the value of inventory is based on periodic system. on january 1, 2016, beginning inventory consisted of 350 units of widgets costing $10 each. alpha prepares monthly income statements. the following events occurred during the month of jan.: dateactivitya. jan. 3purchased on account 350 widgets for $11 each. b.jan. 5sold on account 400 widgets for $30 each. paid freight out with petty cash of $150.c. jan. 10purchased on account 625 widgets for $12 each. d.jan. 11shipping cost for the january 10 purchased merchandise was $400 was paid with a cheque by alpha directly to the freight company. e.jan. 12returned 50 widgets received from jan. 10 purchase as they were not the correct item ordered. f.jan. 13paid for the purchases made on jan. 3.g. jan. 21sold on account 550 widgets for $30 each. paid freight out with petty cash of $250.h. jan. 22authorize credit without return of goods for 50 widgets sold on jan. 21 when customer advised that they were received in defective condition. i.jan. 25received payment for the sale made on jan. 5.j. jan. 26paid for the purchases made on jan. 10.k. jan. 31received payment for the sale made on jan. 21.use this information to prepare the general journal entries (without explanation) for the january events. if no entry is required then enter the date and write "no entry required."