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2 years ago

list four strategies that individuals, families, businesses, and government apply when making financial decisions.

1 answer:

6 0

While making financial decision one should keep in mind the Cost-benefit analysis, marginal analysis, trade-offs, and opportunity costs.

<h3>What are the strategies for making better fianancial decision?</h3>

The success of your firm will depend on the wiser financial decisions you make, among other things. Financial errors can have devastating repercussions and seriously ruin your business venture. You must be familiar with your company's financial data in order to develop stronger financial decision-making techniques.

1. Consistently Use Reliable Accounts

2. Invest in financial education

3. Regularly compare cash flow forecasts to actuals

4. Ensure That Major Initiatives' Financial Impact Is Always Calculated

5. Have Your Team Participate In Decision-Making

6. Consistently monitor financial performance

Learn more about the Business finance with the help of the given link:

brainly.com/question/10024737

#SPJ4

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You are consulting a company that manufactures cell phones. Currently, the company manufactures all portions of the cell phone

stepladder [879]

Answer:

Instructions are listed below

Explanation:

We are provided with the following information:

Unitary manufacturing cost= 6.85 + 11.74 + 3.42= $22

Outsource circuit board:

$4.50 per circuit board

-20% direct material

-15% direct labor

A) Unitary cellphone cost= (6.85*0.80)+(11.74*0.85)+ 3.42 + 4.5= $23.38

B) The company shouldn't accept the supplier's offer because it increases its costs.

C) The maximum price will be the one that equals in house production cost with outsourcing cost.

22= (6.85*0.80)+(11.74*0.85)+ 3.42 + Price

Price= 22- (6.85*0.80) - (11.74*0.85) - 3.42

Price= $3.12

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3 years ago

Ceramic Customs Co. requires a specific type of ceramic to make custom-made tiles. Since only one supplier makes that particular

kramer

Answer:

a. The supplier has more bargaining power than the firm.

Explanation:

This is an example of one of Porters' five forces. The supplier has a monopoly and thus entertains a high market share. This means that the supplier has more bargaining power than the firm as if the firm wants the ceramic there are no alternative options available for the firm; however, if the firm does not want supplies, the supplier can find plenty of firms that may need the ceramic thus making supplier more powerful than the firm.

Hope that helps.

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4 years ago

The Marchetti Soup Company entered into the following transactions during the month of June:

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Answer:

Explanation: Kindly find attached the transaction

Download xlsx

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3 years ago

Bramble Vita produces a wide range of herbal supplements sold nationwide through independent distributors. In response to an inc

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Answer and Explanation:

The Statement showing the amount and the timing of all the cash Flow of Burger is shown below:-

Year Particulars Amount

0 Cost of new machine ($176,300)

0 Additional installation cost of new machine ($3,275)

0 Sales of old machine $13,150

1-3 Savings in overhaul cost of old machine $11,550

1-10 Saving in variable cost $25,800

(258,000 × ($11.90 - $11.80)

10 Salvage value of new machine $3,730

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3 years ago

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zalisa [80]

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4 years ago

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