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pantera1 [17]
3 years ago
13

What should a firm do to minimize cost​

Business
1 answer:
earnstyle [38]3 years ago
3 0
There’s a couple things you can do.

Small firms have higher average costs, so if you can bring down average costs and increase output, then it will lead to lower average costs. Other things you could do to reduce costs are:

Reduce supply expenses.

Cut production costs.

Lower financial expenditures.

Modernize your marketing efforts.

start an internship program (free labor)

I hope that helps.


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Can South Africa afford to have a totally free trade with the rest of the world?
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No. Because if it does, our country will lose alot of money plus what if there are alot of goods.
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3 years ago
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While she was travelling, Zainab took advantage of the convenience of cash withdrawals on her credit card since her Canadian deb
Dvinal [7]

1. Zainab's total bill when she got home will be <u>$3,703.33.</u>

2. The total interest paid is <u>$28.33</u>.

<h3>What is a credit card?</h3>

A credit card is a payment card that enables the cardholder to make purchases charged to a line of credit instead of the account holder's cash deposits. The credit card account accrues interest periodically (most ideally, daily) and payment may be required each month to offset the balance.

<h3>What is Future Value?</h3>

The future value is the amount that will be due on an investment or payment after compounding interest for a future date.  The future value can be computed with the formula below.

FV = PV(1+r)^n

Where:

FV = future value

PV = present value

r = annual interest rate

n = number of periods interest held

The future value can also be calculated using an online finance calculator as follows:

<h3>Data and Calculations:</h3>

Annual interest rate = 28%

Daily interest rate = 0.0767 (28%/365)

N (# of periods) = 21 days

I/Y (Interest per year) = 28%

PV (Present Value) = $0

PMT (Periodic Payment) = $175

P/Y (# of periods per year) = 365 days

C/Y (# of times interest compound per year) = 365 days

<u>Results</u>:

FV = $3,703.33

Sum of all periodic payments = $3,675.00 ($175 x 21)

Total Interest = $28.33

Thus, Zainab's total bill is $3,703.33 with an interest of $28.33.

Learn more about future value (total bill) at brainly.com/question/24703884

7 0
2 years ago
Airlines that offer lower fares on seats shortly before a flight's departure date to fill empty seats are utilizing---------- wh
Gelneren [198K]

Airlines that offer lower fares on seats shortly before a flight's departure date to fill empty seats are utilizing dynamic strategy which is a form of dynamic pricing. Real-time pricing, often known as dynamic pricing, is a highly adaptable method of determining a product's or service's price.

Dynamic pricing aims to enable businesses who offer products or services online to quickly modify prices in response to consumer demand. A pricing approach called "dynamic pricing" substitutes variable prices for fixed ones.

The fundamental tenet of the dynamic pricing model is to provide the same product to various customer segments at various costs. According to the number of individuals interested in particular products, dynamic pricing is a means to reflect changes and boost revenue .

To learn more about Dynamic pricing , click here

brainly.com/question/6481084

#SPJ4

8 0
1 year ago
Jim would like to learn more about what it's like to be a in college.without having to take college classes or difficult exams.
MAVERICK [17]
B Advanced Placement
5 0
2 years ago
At the beginning of year 3 omega company had a $60,000 balance in its accounts receivable account and a $3,000 balance in allowa
Contact [7]

The December 31, year 3 unadjusted (current) balance in allowance for doubtful accounts account (balance before expense recognition) for Omega Co. is $1,920.

<h3>How is the ending balance for allowance for doubtful accounts determined?</h3>

The ending balance of allowance for doubtful accounts can be determined by recognizing the company's policy towards doubtful accounts.

Some companies use an estimate based on the accounts receivable, credit sales revenue, aging of receivables, etc.

<h3>Data and Calculations:</h3>

Allowance for Doubtful Accounts:

Beginning balance  $3,000

Accounts Write-off   (2,000)

Ending balance        $1,920 ($48,000 x 4%)

Bad Debts Expense  $920 ($3,920 - $3,000)

Accounts receivable:

Beginning balance   $60,000

Revenue earned = $200,000

Cash collected         (210,000

Write-off of accounts  (2,000)

Ending balance      $48,000

Thus, the December 31, year 3 unadjusted (current) balance in allowance for doubtful accounts account (balance before expense recognition) for Omega Co. is $1,920.

Learn more about the allowance for doubtful accounts at brainly.com/question/26498002

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2 years ago
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