Jenny sells lemonade in front of her house in the summer. several other kids in jenny’s neighborhood also run lemonade stands in the summer. suppose that the first week of summer, jenny charged 25 cents for an 8-ounce cup of lemonade, her next-door neighbor sam charged 50 cents for an 8-ounce cup of lemonade, and alex across the street charged 15 cents for an 8-ounce cup of lemonade. assuming the market for lemonade is perfectly competitive, what is most likely to happen?

The purpose of safety stock is to: a. eliminate the possibility of a stockout. b. control the likelihood of a stockout due to variable demand and/or lead time. c. eliminate the likelihood of a stockout due to erroneous inventory tally. d. protect the firm from a sudden decrease in demand. e. replace failed units with good ones.

Anew 2-lane road is needed in a part of town that is growing. at some point the road will need 4 lanes to handle the anticipated traffic. if the city's optimistic estimate of growth is used, the expansion will be needed in 4 years and has a probability of happening of 40%. for the most likely and pessimistic estimates, the expansion will be needed in 8 and 15 years respectively. the probability of the pessimistic estimate happening is 20%. the expansion will cost $ 4.2 million and the interest rate is 8%. what is the expected pw the expansion will cost?

Which of the following characteristics are emphasized in the accounting for state and local government entities? i. revenues should be matched with expenditures to measure success or failure of the government entity. ii. there is an emphasis on expendability of resources to accomplish objectives. a. i only b. ii only c. i and ii d. neither i nor ii