Transrail is bidding on a project that it figures will cost $400,000 to perform. using a 25% markup, it will charge $500,000, netting a profit of $100,000. however, it has been learned that another company, rail freight, is also considering bidding on the project. if rail freight does submit a bid, it figures to be a bid of about $470,000. transrail really wants this project and is considering a bid with only a 15% markup to $460,000 to ensure winning regardless of whether or not rail freight submits a bid.

a. prepare a profit payoff table from transrail's point of view.
b. what decision would be made if transrail were conservative?
c. if rail freight is known to submit bids on only 25% of the projects it considers, what decision should transrail make?
d. given the information in (c), how much would a corporate spy be worth to transrail to find out if rail freight will bid?

At river bank, checking account customers earn 0.75% interest a month on their account balances, pay no service fees for writing checks, and pay a monthly $2.00 financial charge. calculate the income earned in one month on the checking account for a customer with an account balance of $1,000. a. $4.25 b. $5.50 c. $6.75 d. $7.25 checking account earnings at baker’s bank are expressed by the equation: i = -0.09x + 10.2. while the earnings at elite bank are modeled by: i = -0.02x + 7.5. in both cases, x is the number of checks written. at what number of checks will elite bank start generating more checking account income than baker's bank? a. 12 b. 25 c. 39 d. 42 emilio’s checking account had a balance of 728.32 at the beginning of the week. he wrote checks for the following amounts throughout the week: $99.48, $33.50, $18.23, and $72.05. he also deposited his paycheck in the amount of $1,109.90. what is his account balance at the end of the week? a. $1,192.35 b. $1,222.86 c. $1,540.52 d. $1,614.96