An office complex leases space to various companies. these leases include energy costs associated with heating during the winter. to anticipate costs in the coming year, the managers developed two random variables x and y to describe costs for equivalent amounts of heating oil (x) and natural gas (y) in the coming year. both x and y are measured in dollars per btu of heat produced. the complex uses both fuels for heating, with yσx=σy.
(a) if managers believe that costs for both fuels tend to rise and fall together, then they should model x and y as independent.
(b) because the means and sds of these random variables are the same, the random variables x and y are identically distributed.
(c) if told that the costs of heating oil and natural gas are uncorrelated, an analyst should then treat the joint distribution as p(x, y)=p(x)p(y).

Fdr had to resort to deficit spending with his first 100 days to with the recovery. describe what deficit spending was and how fdr felt about it. do you think think this was the right decision at the time, why or why not?

Jordan, inc. sells fireworks. the company’s marketing director developed the following cost of goods sold budget for april, may, june, and july. april may june july budgeted cost of goods sold $62,000 $72,000 $82,000 $88,000 jordan had a beginning inventory balance of $3,000 on april 1 and a beginning balance in accounts payable of $14,600. the company desires to maintain an ending inventory balance equal to 15 percent of the next period’s cost of goods sold. jordan makes all purchases on account. the company pays 65 percent of accounts payable in the month of purchase and the remaining 35 percent in the month following purchase. required prepare an inventory purchases budget for april, may, and june. determine the amount of ending inventory jordan will report on the end-of-quarter pro forma balance sheet. prepare a schedule of cash payments for inventory for april, may, and june. determine the balance in accounts payable jordan will report on the end-of-quarter pro forma balance sheet.

Hours to produce one unit worker hours to produce yarn country a 8 hours country b 4 hours worker hours to produce fabric counrty a 12 hours country b 13 hours additional worker hours to produce fabric instead of yarn country a ? country b? which of the follow is true of the trade relationship between country a and country b? country a has an absolute advantage in producing yarn and fabric country b has an absolute advantage in producing yarn and fabric country b has a comparative advantage to country a in producing fabric country a has a comparative advantage to country b in producing fabric