A plant manager wants to know, based on investing in market research, what his overall payout would be. Currently he is evaluating two choicesto expand the current plant or subcontract work out. There are two things that can happen in the economy; it can be favorable or not. Under favorable market conditions the manager would make $75,000 for the expansion and $5,000 utilizing subcontracting as an option. Under unfavorable market conditions the expansion would lose $50,000 and by subcontracting make $3,500. For each alternative the cost of the research is $2,500. If the two states of nature are equally likely to occur, answer the following questions: a. What is the EMV for expanding?
b. What is the EMV for subcontracting?
c. What decision should be made based on the overall profit/loss?

Goals that are overly ambitious can discourage employees and decrease motivation, yet the idea of stretch goals is proposed as a way to get people fired up and motivated. as a manager, how might you decide where to draw the line between a “good” stretch goal and a “bad” one that is unrealistic?

Elliott company produces large quantities of a standardized product. the following information is available for its production activities for march. units costs beginning work in process inventory 2,500 beginning work in process inventory started 25,000 direct materials $ 3,725 ending work in process inventory 5,000 conversion 11,580 $ 15,305 status of ending work in process inventory direct materials added 185,750 materials—percent complete 100 % direct labor added 182,375 conversion—percent complete 30 % overhead applied (140% of direct labor) 255,325 total costs to account for $ 638,755 ending work in process inventory $ 62,530 prepare a process cost summary report for this company, showing costs charged to production, unit cost information, equivalent units of production, cost per eup, and its cost assignment and reconciliation. use the weighted-average method. (round "cost per eup" to 2 decimal places.)

Which of the following is not a consideration when determining your asset allocation