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4 years ago

All of the following are guidelines for budgeting except:

Business

1 answer:

Serhud [2]4 years ago

8 0

Answer:

B. participatory approach budgets should be prepared using a top-down approach

Explanation:

Option A is incorrect because it is one of the significant guidelines for budgeting.

Option C is a budgeting guideline which helps to differentiate the actual and budgeted amounts.

Option D is an important element to attain the objectives through budgeting. Therefore, it is incorrect.

Option B is the answer as there is no option to prepare the budget using a top-down approach.

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A manufacturer estimates that its product can be produced at a total cost of C(x) = 50,000 + 100x + x3 dollars. If the manufactu

timofeeve [1]

Answer:

The level of production x that will maximize the profit is: 22,966

Explanation:

C(x) = 50,000 + 100x + x³

R(x) = 3400x

P(x) = R(x) - C(x)

= 3400x - [50,000 + 100x + x³]

= 3400x - 50,000 - 100x - x³

= 3300x - 50,000 - x³ .................... (A)

P'(x) = 3300(1) - 0 - 3x²

= 3300 - 3x²

At a critical point, P'(x) = 0

∴ 0 = 3300 - 3x²

3x² = 3300

x² = 1100

x = ± $\sqrt{1100}$

P"(x) = -6x

P( $\sqrt{1100}$ ) = -6 ( $\sqrt{1100}$ ) < 0

by second derivative, 'P' max at x = $\sqrt{1100}$ = 33.17 (rounds)

since x = $\sqrt{1100}$ ,

recall that P(x) = 3300x - 50,000 - x³ from equation (A)

Therefore, Maximum Profit

P( $\sqrt{1100}$ ) = 3300 $\sqrt{1100}$ - 50000 - $\sqrt{1100} ^{3}$

= 3300(33.17) - 50,000 - 33.17³

= 109461 -50,000 - 36495.26

= 22,965.74

Maximum profit is 22,966 to the nearest whole number

5 0

3 years ago

Rocky River Company is a pricetaker and uses target pricing. Refer to the following information:Production volume 602,000 units

ladessa [460]

Answer:

$30.07

Explanation:

Rocky river company uses target pricing

The production volume is 602,000 units

The market price is $34 per unit

The total assets is $13,900,000

The desired operating income is 17% of the total assets

= 17/100 × 13,900,000

= 0.17×13,900,000

= 2,363,000

The first step is to calculate the sales value

= 602,000 ×34

= 20,468,000

The total cost can be calculated as follows

= Sales value-desired operating income

= 20,468,000-2,363,000

= 18,105,000

Therefore the target full product cost per unit can be calculated as follows

= Total cost/production volume

= 18,105,000/602,000

= $30.07

Hence the full target product cost per unit is $30.07

7 0

4 years ago

Monopolistic competitors in the food industry will often include a recyclable symbol on packaging used for their product as a me

solong [7]

It means to differentiate their product. Monopolistic competition is a sort of blemished rivalry with the end goal that numerous makers offer items that are separated from each other and subsequently are not impeccable substitutes.
Harmony under monopolistic competition. In the short run, supernormal benefits are conceivable, however, over the long haul, new firms are pulled in into the business, as a result of low boundaries to the passage, great learning and a chance to separate.

6 0

3 years ago

Which of the following is a major difference between the AD-AS model and the dynamic AD-AS model? The dynamic AD-AS model ass

const2013 [10]

Answer:

Potential GDP increases continually, while the AD-AS model assumes the LRAS does not change.

5 0

3 years ago

Determine whether each of the following topics would more likely be studied in microeconomics or microeconomics.

Jlenok [28]

Answer:

<u>The effect of government regulation on a monopolist's production decisions</u>

Explanation:

The effect of a large government budget deficit on the economy's price level

The superavit or deficit of the government is a macroeconomics subject.

The money market is also macroeconomics.

The impact of regulation or specifit taxes or tax extemption on a monopolist's production will be part of microecnomics, because it will impact on which level the monopolist's production finds equilibrium after the legislation.

4 0

3 years ago