Calculate the weighted average of the salary for each scenario

Jun 5th, 2013
DotaCN
Category:
Business & Finance
Price: $10 USD

Question description

Need assistance in this task- 700-1000 words with references: Budgeting in uncertainty is challenging. The decisions made by budget managers affect the direction and future of every company. Having a thorough understanding of the components of capital budgeting is essential to developing an appropriate budget.

Scenario 1 Salary Probability $36,000 0.30 $41,000 0.60 $43,000 0.10

Scenario 2 Salary Probability $36,000 0.50 $41,000 0.25 $43,000 0.25

Scenario 3 Salary Probability $36,000 0.10 $41,000 0.20 $43,000 0.70

Using the data above, answer the following questions: Calculate the weighted average of the salary for each scenario. Show your work.

Calculate the weighted average of the salary for each scenario that the budget manager would need for a monthly budget. Show your work.

Which scenario produces the lowest salary? Show your work.

Which scenario produces the highest salary? Show your work.

Which scenario produces the salary that is "in the middle"? Show your work.

Which scenario is the most fiscally conservative? Explain your answer.

Which scenario is the least fiscally conservative? Explain your answer.

How does changing the weight impact the cost of the employee to the budget manager? Explain your answer.

Given an environment with high unemployment, which scenario do you think the company should use? Explain your answer.

Given an environment with low unemployment, which scenario do you think the company should use? Explain your answer.


Tutor Answer

(Top Tutor) Daniel C.
(997)
School: UCLA
PREMIUM TUTOR

Studypool has helped 1,244,100 students

8 Reviews


Summary
Quality
Communication
On Time
Value
kevin12622
Dec 1st, 2016
" Goes above and beyond expectations ! "
kiln82
Nov 22nd, 2016
" awesome work thanks "
ashleyisgod
Nov 18th, 2016
" Top quality work from this guy! I'll be back! "
likeplum4
Nov 9th, 2016
" Excellent work as usual "
Molly_Moon
Oct 26th, 2016
" AMAZING as always! "
kpcutie
Oct 17th, 2016
" Excellent job "
Hemapathy
Oct 4th, 2016
" all I can say is wow very fast work, great work thanks "
pmallory
Sep 25th, 2016
" Totally impressed with results!! :-) "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1827 tutors are online

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors