An airline sells 120 tickets for a flight that seats 100. each ticket is non-refundable and costs $200. the unit cost of flying a passenger (fuel, food, etc.) is $80. if the flight is overbooked, each person who does not find a seat is given $300 in cash. assume it is equally likely that any number of people between 91 and 120 show up for the flight. rounded to the nearest thousand (e. g., 18500 rounds to 19000), on the average how much expected profit (ignoring fixed cost) will the flight generate?

Oakmont company has an opportunity to manufacture and sell a new product for a four-year period. the company’s discount rate is 18%. after careful study, oakmont estimated the following costs and revenues for the new product: cost of equipment needed $ 230,000 working capital needed $ 84,000 overhaul of the equipment in year two $ 9,000 salvage value of the equipment in four years $ 12,000 annual revenues and costs: sales revenues $ 400,000 variable expenses $ 195,000 fixed out-of-pocket operating costs $ 85,000 when the project concludes in four years the working capital will be released for investment elsewhere within the company. click here to view exhibit 12b-1 and exhibit 12b-2, to determine the appropriate discount factor(s) using tables.

Which of the following is one of the main causes of inflation? a. wages drop so workers have to spend a higher percentage of income on necessities. b. demand drops and forces producers to charge more to meet their costs. c. rising unemployment cuts into national income. d. consumers demand goods faster than they can be supplied.

What resourse is both renewable and inexpensive? gold coal lumber mineral