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Vitek1552 [10]
4 years ago
10

Write down the firm’s profit maximizing problem. Be sure to identify the variables the firm can choose and which it takes as giv

en. What should the firm facing the following scenarios do?
(a) If the marginal product of capital is greater than the rental price of capital.
(b) If the marginal product of labor is less than the wage.
Business
1 answer:
Zanzabum4 years ago
5 0

Answer: marginal Product on Capital

Explanation: A. The company should reduce the amount of capital that its spends on its rentals.

B.The value of the output produced by an additional unit of labor will be less than the cost of employing the additional unit and total profits will fall.

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When preparing a direct materials budget, the required purchases of raw materials in units equals: Question 9 options: A) raw ma
Degger [83]

Answer:

A. Materials to purchase = RM needed for production + RM ending - RM beginning

Explanation:

There are already RM in stock which can satisfy partially RM for production need and RM for desired ending stock so for this amt, purchase should be lowered.

3 0
4 years ago
In general, what are some of the features of alternative financial products?
notsponge [240]

Some of the features of the alternative financial products are the following;

-          The AFS was able to provide a microfinance form

-          The AFS also provides services financially

-          The AFS’ Services in their finance are from non-bank final institutions

8 0
4 years ago
Consider your current company, or a company that you have formerly worked for, and describe and critique the budgeting processes
san4es73 [151]

Answer:

I currently work for a company that provides services to other businesses (B2B), and we work on a yearly contract base. Since it's a B2B we don't have a lot of customers, they are only 11, but each customer is very important to us.

The sales process and contracts for the next year are usually finished by November and at that time we must prepare a cost budget. The main problem we are currently facing is that we use some imported goods and since many tariffs have been increasing, there is a lot of uncertainty about future prices.

When you import goods and use the FOB destination, the seller is responsible for delivering the goods up to a port of entry, but we are responsible for the paperwork and applicable tariffs. Since tariffs increase during a few months and then decrease, and then increase again depending on the president's mood, our budget has a large percentage of "just in case".

Besides that problem with imports, our company also signs yearly contracts with most of the employees depending on the number of contracts and workers needed. We are very good at estimating overhead expenses, since experience is a great teacher in our specific case.

If we didn't have the problem with uncontrollable external factors (tariffs), prior jobs help us to determine budgets that are usually quite exact, our variance (either + or -) is usually less than 3%.

5 0
4 years ago
3. Come up with a set work period, such as one day or one week. State how many of
Ymorist [56]

Based on the information given, the products that will be taken into consideration will be making shirts and making socks.

<h3>Solving the set work period.</h3>

From the complete question, the products that will be produced are shirts and socks.

The inputs to product 1 are fabric, sewing machine printing machine, and time. The inputs to product 2 are fabric, time, and sewing machine.

The set work period will be 140 shirts can be made and 100 socks can be made as well.

Learn more about set work period on:

brainly.com/question/24318670

5 0
2 years ago
Public Relations is: a) The most persuasive promotional tool b) Easy to measure the effectiveness of c) The media's portrayal of
goldenfox [79]

Answer: Public Relations is d) Any activity designed to create and maintain goodwill toward an organization.

Explanation:

The term Public Relation refers to the sharing of business-related information of concerned firms to the public through sources like balance sheet statement release for every financial year. Secondly, through the pubic relation task activities, All the firms publish the facts and figures which linking with sales margin and the list of consumers who have strong liaison with the particular firms.

Public Relations helps firms to earn a good reputation and a good image among the common public by maintaining strong relations with all the firms. The strategy of public relations considered as the vital component to display the useful information of the firms to the public.

5 0
3 years ago
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