Ethan, Beatrice, and Pratik each decide not to purchase life insurance.

Ethan has a wife and kids, but he’s building a savings account that his family can use in an emergency instead of life insurance benefits.
Beatrice isn’t married, and she doesn’t have kids, so she figures life insurance wouldn’t be much of a benefit.
Pratik is really into investing in the stock market, so he’s confident that his passive income will be just as good as life insurance benefits.
Which individual is most justified in his or her reasons for not purchasing life insurance?

A.
Ethan has the best argument for not purchasing life insurance.
B.
Beatrice has the best argument for not purchasing life insurance.
C.
Pratik has the best argument for not purchasing life insurance.
D.
Ethan, Beatrice, and Pratik are equally justified in their reasons for not purchasing insurance.
E.
Neither Ethan, Beatice, nor Pratik has a justified reason to not purchase insurance.

Mae jong corp. issues $1,000,000 of 10% bonds payable which may be converted into 10,000 shares of $2 par value ordinary shares. the market rate of interest on similar bonds is 12%. interest is payable annually on december 31, and the bonds were issued for total proceeds of $1,000,000. in accounting for these bonds, mae jong corp. will: (a) first assign a value to the equity component, then determine the liability component. (b) assign no value to the equity component since the conversion privilege is not separable from the bond.(c) first assign a value to the liability component based on the face amount of the bond.(d) use the “with-and-without” method to value the compound instrument.

Suppose there are three types of consumers who attend concerts at your university’s performing arts center: students, staff, and faculty. each of these groups has a different willingness to pay for tickets; within each group, willingness to pay is identical. there is a fixed cost of $1,000 to put on a concert, but there are essentially no variable costs. for each concert: i. there are 140 students willing to pay $20. (ii) there are 200 staff members willing to pay $35. (iii) there are 100 faculty members willing to pay $50. a) if the performing arts center can charge only one price, what price should it charge? what are profits at this price? b) if the performing arts center can price discriminate and charge two prices, one for students and another for faculty/staff, what are its profits? c) if the performing arts center can perfectly price discriminate and charge students, staff, and faculty three separate prices, what are its profits?

Differentiate between the trait, behavioral, and results-based performance appraisal systems, providing an example where each would be most applicable.