(at the track) at the horse races one saturday afternoon gavin jones studies the racing form and concludes that the horse no arbitrage has a 25% chance to win and is posted at 4 to 1 odds. (for every dollar gavin bets, he rece $5 if the horse wins and nothing if it loses.) he can either bet on this horse or keep his money in his pocket. gavin decides that he has a square-root utility for money. (a) what fraction of his money should gavin bet on no arbitrage? (b) what is the implied winning payoff of a $1 bet against no arb

Martinez manufacturing applies overhead based on direct labor hours. the company estimates that their overhead for the year will be $180,000, and that they will use 72,000 direct labor hours. during the year, martinez manufacturing actually used 75,000 direct labor hours and actual overhead costs were $190,000. at the end of the year, manufacturing overhead was: overapplied by $2,500. overapplied by $10,000. underapplied by $2,500. underapplied by $10,000.

You hear your supervisor tell another supervisor that a fire drill will take place later today when the fire alarm sounds that afternoon you should

Fortress international, a large conglomerate, procures a few component parts from external suppliers and also manufactures some of the key raw materials in its own subsidiaries. aside from this, the company does not solely depend on outside distributors to reach its customers. in fact, it has its own retail stores to distribute its products. in this scenario, which of the following alternatives to vertical integration is fortress international applying? a. concentric integration b. taper integration c. horizontal integration d. conglomerate integration