Albert is planning on selling Holiday fruitcakes through a website and having a third party fulfillment company handle the shipping and warehousing for him. He estimates that he will profit $50 for each unit that he sales. The problem is he must send all of his fruitcakes to the fulfillment company ahead of the holiday season and following the season any remaining fruitcakes will be donated to charity. He estimates that unsold fruitcakes will cost him $30 in total for all expenses. Based on last years sales he expects demand to be 411 fruitcakes with a standard deviation of 23 fruitcakes. If he behaves optimally how many fruitcakes will he send to the fulfillment company? Round to the nearest whole number.
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- Willow is habitually late in joining Zoom meetings for her job. Her boss and colleagues are distracted when she joins late and end up repeating information provided earlier in the meeting. Willow’s boss decides to establish a program where everyone who signs in on time for the Zoom meeting will be entered into a drawing for a $20 Starbucks gift card. A name is drawn at the end of the month (i.e., after two meetings). Willow starts joining the Zoom meetings on time. Which type of differential reinforcement is being used? Explain how you know it is the type of DR you identified:Emily works for a small software company and oversees software quality assurance. The company recently developed an inventory control system for a national clothing manufacturer. The system gathers sales information on an hourly basis from clothing retailers nationwide. This information is then used by all departments (including the accounting, shipping, and ordering departments) to control the functions of the clothing manufacturer. Emily suspects that the inventory functions of the system are not sufficiently tested, although they have passed all their contracted (legal) tests. However, she is pressured by her employers to sign off on the software. Whilst she is only required to perform tests which have been agreed to in the original contract, her considerable experience in software testing has led her to be concerned over the quality of the system. Her employers say that they will go out of business if they do not deliver the software on time. Emily knows that if any section of…Property Owner Bill is selling the apartment complex he owns to Property Owner Liz. What happens to the security deposits and advance rents that Bill has been holding? Bill needs to transfer all security deposits and advance rents back to the tenants, who will then write new checks to Liz. Bill needs to do nothing, as under the Florida Residential Landlord and Tenant Act, he can keep these monies as part of the sale. Bill needs to reimburse the tenants within 30 days of giving ownership to Liz. Bill needs to transfer all security deposits and advance rents to Liz, and also give her an accounting of how much should be credited to each tenant's account.
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- M-REITs, or mortgage REITs, primarily invest in real estate loans and mortgage-backed securities that are often below investment grade. When a mortgage REIT decided some years ago to re-securitize a substantial portion of its CMBS "BB" and "B" securities, it received surprisingly high investment grade ratings of "A" and "BBB" from Standard & Poor's on the new securities that were created from the cash flows of the underlying portfolio of non-investment grade rated securities. But when the financial markets began to fall a few months later, that mortgage REIT quickly went bankrupt and the value of its "A" and "BBB" investment grade rated re-securities fell substantially. The intended purpose of the ratings agencies is: To produce substantial profits for the rating agencies from the fees paid to them for giving higher ratings on investments than might otherwise be appropriate To help businesses and governments raise needed capital by providing them with the ratings they need to…Gerät Gebrochen (GG) and Gerät Defektes (GD) compete against each other in the Düsseldorf home appliance market. GG and GB tacitly bargain with each other in determining prices to charge. Each firm can either price high or price low If both price high, each receives 50 MM euros. If one prices high and the other prices low, the low-priced firm receives 70 MM euros and the high-priced firm receives 30 MM euros. If both price low, each receives 40 MM euros. Suppose now that pricing is sequential and each firm commits with certainty to a price-matching guarantee. That is, one firm exactly matches the price of the other firm. Both firms compete against each other in a single period. Under this scenario, what prices do GG and GD charge? A. Gerät Gebrochen charges a high price and Gerät Defektes charges a high price B. Gerät Gebrochen charges a low price and Gerät Defektes charges a high price C. Gerät Gebrochen charges a high price and Gerät Defektes charges a low…Mr. Johnnie B. Good has a furniture business which he operates as a sole proprietor. The business has been doing well for several years and now he wants to finance the expansion of his business by way of a loan and he is thinking of approaching BCN Bank accordingly. He is also planning to buy a great deal of raw material on credit from Miller’s Hardware in support of the business expansion. Mr. Good in looking at the potential risks to his personal assets and in an effort to safeguard himself from losing his personal assets if the business failed and was not able to repay the loan or pay for the material he got on credit, filed the relevant documents with the companies office and incorporated a private company, Good Furniture Ltd, with him as the sole shareholder and director and then went ahead and obtained a loan in the company’s name from the bank and bought the raw material on credit on behalf of the company. The bank in providing the loan ensured that Mr. Good signed a personal…