The koepka co. and the johnson co. both have announced ipos at $40 per share. one of these is undervalued by $12.25, and the other is overvalued by $5.50, but you have no way of knowing which is which. you plan on buying 1,000 shares of each issue. if an issue is underpriced, it will be rationed, and only half your order will be filled.

a) if you could get 1,000 shares in koepka and 1,000 shares in johnson, what would your profit be
b) what profit do you actually expect? (do not round intermediate calculations and round your answer to the nearest whole number, e. g., 32.)
c) what principle have you illustrated? profit expected profit principle break-even prisoner's dilemma winner's curse

Suppose that a firm is considering moving from a batch process to an assembly-line process to better meet evolving market needs. what concerns might the following functions have about this proposed process change: marketing, finance, human resources, accounting, and information systems?

Beagle autos is known for its affordable and reliable brand of consumer vehicles. because its shareholders expect to see an improved rate of growth in the coming years, beagle's executives have decided to diversify the company's range of products so that at least 40 percent of the firm's revenue is generated by new business units. however, the company's resources, capabilities, and competencies are limited to producing other forms of motorized vehicles, such as motorcycles and all-terrain vehicles (atvs). which type of corporate diversification strategy should beagle pursue?

Croy inc. has the following projected sales for the next five months: month sales in units april 3,850 may 3,875 june 4,260 july 4,135 august 3,590 croy’s finished goods inventory policy is to have 60 percent of the next month’s sales on hand at the end of each month. direct material costs $2.50 per pound, and each unit requires 2 pounds. raw materials inventory policy is to have 50 percent of the next month’s production needs on hand at the end of each month. raw materials on hand at march 31 totaled 3,741 pounds. 1. determine budgeted production for april, may, and june. 2. determine the budgeted cost of materials purchased for april, may, and june. (round your answers to 2 decimal places.)