Here are three questions. First think fast to obtain your answers: (1) A bat and ball cost

Question:

£1.10 in total. The bat costs £1.00 more than the ball. How much does the ball cost?;

(2) It takes five machines five minutes to make five widgets, how long would it take 100 machines to make 100 widgets? (3) In a pond is a patch of lily pads. Every day, the patch doubles in size. If it takes 48 days for the patch to cover the entire pond, how long would it take for the patch to cover half the pond? The answers to these three questions are not 10p, not 100 minutes and not 24 days, respectively. Now try again, this time think slow (Frederick, 2005, p.27).

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Answer rating: 50% (2 reviews)

Answered By

Ali Khawaja

my expertise are as follows: financial accounting : - journal entries - financial statements including balance sheet, profit & loss account, cash flow statement & statement of changes in equity -consolidated statement of financial position. -ratio analysis -depreciation methods -accounting concepts -understanding and application of all international financial reporting standards (ifrs) -international accounting standards (ias) -etc business analysis : -business strategy -strategic choices -business processes -e-business -e-marketing -project management -finance -hrm financial management : -project appraisal -capital budgeting -net present value (npv) -internal rate of return (irr) -net present value(npv) -payback period -strategic position -strategic choices -information technology -project management -finance -human resource management auditing: -internal audit -external audit -substantive procedures -analytic procedures -designing and assessment of internal controls -developing the flow charts & data flow diagrams -audit reports -engagement letter -materiality economics: -micro -macro -game theory -econometric -mathematical application in economics -empirical macroeconomics -international trade -international political economy -monetary theory and policy -public economics ,business law, and all regarding commerce

4.00+ 1+ Reviews 10+ Question Solved

Related Book For book-img-for-question