)ralph’s utility function is the square root of his consumption: ) = √c. he currently works and receives a weekly salary of m = $900. there is a 20% chance that he will be get the floor blues flu, which requires him to stay home this week and receive no income. ralph has the option to purchase k dollars of insurance (0 ≤ k ≤ m), where each dollar of insurance costs $0.20. what is the expected value of ralph's weekly salary without insurance? what is the expected value of ralph's weekly salary with insurance? what is the expected utility for ralph each week without insurance? what is the expected utility for ralph each week with insurance? would ralph's choice of whether or not to insure change if he was risk-neutral instead? why?

Prior to its closing, income summary had total debits of $1,190,500 and total credits of $1,476,300. what purpose is served by the income summary account and what is the nature of the entries that resulted in the $1,190,500 and the $1,476,300? the income summary account is used to the accounts. the $1,190,500 represents the , and the $1,476,300 represents . the company had of $ .

Ummit record company is negotiating with two banks for a $157,000 loan. fidelity bank requires a compensating balance of 24 percent, discounts the loan, and wants to be paid back in four quarterly payments. southwest bank requires a compensating balance of 12 percent, does not discount the loan, but wants to be paid back in 12 monthly installments. the stated rate for both banks is 9 percent. compensating balances will be subtracted from the $157,000 in determining the available funds in part a. a-1. calculate the effective interest rate for fidelity bank and southwest bank. (do not round intermediate calculations. input your answers as a percent rounded to 2 decimal places.) a-2. which loan should summit accept? southwest bank fidelity bank b. recompute the effective cost of interest, assuming that summit ordinarily maintains $37,680 at each bank in deposits that will serve as compensating balances

You meet that special person and get married. amazingly your spouse has exactly the same income you do 47,810. if your tax status is now married filing jointly what is your tax liability