Hale’s tv production is considering a pilot for a comedy series in the hope of selling it to a major television network. the network may reject the series , but it may also decide to purchase the rights to the series for either one or two years. at this point in time, hale may either produce the pilot and wait for the network’s decision or transfer the rights for the pilot and series to a competitor for $100,000. hale’s decision alternatives and profits (in thousands of dollars ) are as followsdecision alternative reject (s1) 1 year (s2) 2 years (s3)produce pilot ( d1) -100 50 150sell to competitor (d2) 100 100 100the probabilities for the states of nature ae p(s1)= 0.20, p(s2)= 0.30, and p(s3)= 0.50. for a consulting fee of $5000.00, an agency will review the plans for the comedy series and indicate the overall chances of a favorable network reaction to the series. assume that the agency review will result in a favorable (f)or unfavorable (u) review and that the following probabilities are relevant: ( dont use handwrtting )p(f/s1)= 0.3105 p(u/$1)=0.6975p(f/s2)= 0.5980 p (u/s2)= 0.4030p(f/s3)= 0.8970 p(u/s3)=0.0992a))whats the recommended decision if the agency opinion is not used? what is expected value? b)what is expected value of perfect information? c)what is hale’s optimal decision strategy assuming the agency’s information is used? d)what is the expected value of the agency’s information? e))does the agency information worth the $5000.00 fee? what is the maximum that hale should be willing to pay for the information? f)_what is recommended decision?

The starr theater, owned by meg vargo, will begin operations in march. the starr will be unique in that it will show only triple features of sequential theme movies. as of march 1, the ledger of starr showed: cash $3,150, land $22,000, buildings (concession stand, projection room, ticket booth, and screen) $10,000, equipment $10,000, accounts payable $7,300, and owner’s capital $37,850. during the month of march, the following events and transactions occurred.mar. 2 rented the three indiana jones movies to be shown for the first 3 weeks of march. the film rental was $3,600; $1,600 was paid in cash and $2,000 will be paid on march 10.3 ordered the lord of the rings movies to be shown the last 10 days of march. it will cost $200 per night.9 received $4,500 cash from admissions.10 paid balance due on indiana jones movies rental and $2,200 on march 1 accounts payable.11 starr theater contracted with adam ladd to operate the concession stand. ladd is to pay 15% of gross concession receipts, payable monthly, for the rental of the concession stand.12 paid advertising expenses $900.20 received $5,100 cash from customers for admissions.20 received the lord of the rings movies and paid the rental fee of $2,000.31 paid salaries of $2,900.31 received statement from adam ladd showing gross receipts from concessions of $6,000 and the balance due to starr theater of $900 ($6,000 × 15%) for march. ladd paid one-half the balance due and will remit the remainder on april 5.31 received $9,200 cash from customers for admissions.1.) enter the beginning balances in the ledger.2.) journalize the march transactions. starr records admission revenue as service revenue, rental of the concession stand as rent revenue, and film rental expense as rent expense. (credit account titles are automatically indented when the amount is entered. do not indent manually. record journal entries in the order presented in the problem. if no entry is required, select "no entry" for the account titles and enter 0 for the amounts.)3.) post the march journal entries to the ledger. (post entries in the order of journal entries presented in the previous question.)