Harry enjoys dark roast coffee because he thinks drinking it makes him look quite sophisticated. In order to stomach it, however, he puts three containers of creamer into every cup of coffee so it is not too bitter. Harry only enjoys coffee in this combination. With less creamer the coffee is too bitter and he won't drink it; with more creamer the coffee is too sweet and also undrinkable. With coffee and creamer in the right proportions, however, Harry is always happy to have more coffee and creamer. His utility function can be written as follows: u(x, y) = min(3x, y), where x is cups of coffee y is containers of creamer. Required:
Suppose that Harry drinks one cup of coffee with his preferred three packs of creamer every day for seven days. What is his utility for that week?

You are the new chief information officer for the video-game developer, necturus games. the company has recently undergone a major expansion of its primary product, and you must staff up the is department and determine the best way to develop new game "capsules" for the game, "escape velocity."

Lynch company manufactures and sells a single product. the following costs were incurred during the company’s first year of operations: variable costs per unit: manufacturing: direct materials $ 12 direct labor $ 6 variable manufacturing overhead $ 1 variable selling and administrative $ 1 fixed costs per year: fixed manufacturing overhead $ 308,000 fixed selling and administrative $ 218,000 during the year, the company produced 28,000 units and sold 15,000 units. the selling price of the company’s product is $56 per unit. required: 1. assume that the company uses absorption costing: a. compute the unit product cost. b. prepare an income statement for the year. 2. assume that the company uses variable costing: a. compute the unit product cost. b. prepare an income statement for the year.

What two things do you consider when evaluating the time value of money