Answer:
The correct option is a. $61.25.
Explanation:
Note: The correct cost function of the farmer is as follows:
C(Q) = 0.05Q^2 ……………….. (1)
Differentiating equation
MC = C’(Q) = 0.1Q
P = Expected price = (25% * $3) + (50% * $3.50) + (25% * $4) = $3.50 ……. (2)
Since profit is maximized when MC = P, we equate equations (1) and solve for Q which is the expected profit-maximizing quantity as follows:
0.1Q = 3.50
Q = 3.50 / 0.1 = 35
Substituting Q = 35 into equation (1), we have:
C(Q) = 0.05 * 35^2 = $61.25
R(Q) = Maximum expected revenue = P * Q = $3.50 * 350 = $122.50
The farmer's maximum expected profit = R(Q) - C(Q) = $122.50 - $61.25 = $61.25
Therefore, the correct option is a. $61.25.
Answer:
5.52%
Explanation:
Cost of Furniture= $150,000
discount= 5.25% (120-day note)
To get the exporter's true effective annual financing cost, we have:
![150,000*[1-(0.0525*120/360)] = 147,375](https://tex.z-dn.net/?f=%20150%2C000%2A%5B1-%280.0525%2A120%2F360%29%5D%20%3D%20147%2C375%20)
=(150,000/147,375) 365/120-1 = 5.52%
Therefore, the exporter's true effective annual financing cost is 5.52%
Answer:
<u><em>Internal control area</em></u>: it is responsible to stablish monitoring process in all the areas of the organization that prevent unlawful practices that are not in compliance with the regulations, laws or any external norm applicable to the company.
<u><em>Key areas:</em></u> below find 3 areas as subjects important to control and 3 areas as departments within the company
- prevention of reputational risk, prevention of credit risk, prevention of operational risk.
- Internal audit area, Compliance area, Legal area.
<u><em>Key controls:</em></u>
- dual controls in the manufacturing of products prevent operational errors
- due dilligences of the commercial area regarding the customers that stablish a relationship with the company
- setting manuals that contain how the procedures must be done.
In conducting business, a firm and its owners have the right not to be subjected to politically correct statements.
Businesses should be run ethically for many reasons. To maintain a good reputation. Retain existing customers and attract new ones. to avoid litigation. Reduce employee turnover. To avoid government interference. To please customers, employees, and society.
Business ethics is nothing but the application of ethics in business. Business ethics is the application of general ethics to business conduct. Ethical business conduct promotes and promotes the well-being of society, improves profitability, and enhances business relationships and employee productivity.
Social responsibility programs increase employee morale, lead to increased productivity, and impact company profitability. Companies that implement social responsibility initiatives can increase customer retention and loyalty.
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