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How the value of information received by decision maker
How the value of information received by decision maker eventually begins to decline. This is, maybe, since additional information becomes less relevant, or due to the problems that a decision maker may have in processing the sheer quantity of information provided. Costs of providing the information, though, will increase with every extra piece of information. Broken line indicates the point at which the gap between value of information and the cost of providing that information is at its greatest. This signifies the optimal amount of information which can be provided. This theoretical model, though, poses a number of problems in practice. We will now go on to discuss these. To explain the practical problems of establishing value of information, let's assume that someone has collided with our car in a car park and dented and scraped the paint from one of the doors. We wish to have dent taken out and door resprayed at a local garage. We know that nearest garage would charge £250 however believe that other local garages may offer to do the job for a lower price. Only way of finding out the prices at other garages is to visit them, so that they can see extent of the damage. Visiting the garages will include using some petrol and will take up some of our time. Is it worth the cost of finding out the price for job at the different local garages? The answer, as we have seen, is that if cost of discovering the price is less than potential benefit, it's worth having that information.
Calculate the market value of Renowned Cola''s debt at year-end 2005. What is the book value of debt? Why do usually use market or book values for debt? Explain.
Oswald Corporation reported the following information on operations for 2009: Revenue = $2,000 Cost of goods sold = $850 Operating expenses =$395 Depreciation =$248
Recording Business Transactions ACCOUNT. An account is an individual record or form to record and précis information for each liability, asset, or owner's equity transactio
RESOLUTIONS OF CREDITORS Normally, decisions at meetings of creditors are taken by ordinary resolution, viz., a resolution passed by a simple majority in value of creditors pre
1.From the following information you are required to prepare a cash Flow statement of XYZ Ltd for the year ended 31 st December 2009 LIABILITIES
THE PETITION Petition by debtor : If the debtor presents his own petition, a receiving order is made at once without a court hearing and an adjudication order may also be ma
what is deffered taxation
Equation illustrates the relationship in between PVA n , A, K and n. So manipulating this a bit: We find that A = PVA n [(k (1 + k) n )/((1 +k) n - 1)] [(k (1 + k) n )/(
The following information was taken from the ledger of Jefferson Industries, Inc.: Direct labor $85,000 Administrative expenses $59,0
Q. The British Mini car was designed by a team headed by Sir Alec Issigonis in the late 1950's. Describe the process of the design of this product. Consider the context of
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