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uysha [10]
3 years ago
12

Solve the following problem to find the maximum profit by creating a spreadsheet.

Business
1 answer:
Andrew [12]3 years ago
4 0

Answer:

Maximum profit = $765,333.33

Explanation:

Note: See the attached excel file for the calculation of the maximum profit (in bold red color).

In the calculation, it is assumed that selling price per unit is the same thing as the profit per unit since we are not given the cost per unit.

Therefore, from the attached excel file, we have:

Maximum profit = $765,333.33

Download xlsx
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When managers use a management information system, no management action is needed if?
svet-max [94.6K]

Answer:

False

Explanation:

Management information systems (MIS) are very useful tools that managers can use to obtain information from internal and external sources. The advantage of using management information systems is that they can convert a lot of data into useful information and us it in decision making processes.

But MIS are just one more tool that managers can use, it doesn't replace managers and it doesn't make decisions by itself, its main purpose is to provide useful information that managers can use.

7 0
3 years ago
What characteristics of the board of directors usually lead to effective corporate governance?
Scrat [10]

Answer and explanation:

Several characteristics could allow the Board of Directors to lead corporate governance effectively but the most important are <em>making good decisions for the overall company, determination to impose the firm's objectives and having others set their mind to them, </em>and <em>dedication to be part of the organization's work towards reaching those goals.</em>

8 0
3 years ago
Clarissa wants to fund a growing perpetuity that will pay $10,000 per year to a local museum, starting next year. She wants the
mojhsa [17]

Answer:

$250,000

Explanation:

Perpetuity is a type of payment that has no end. It starts on a particular date and continues endlessly.

Given:

Amount paid per year = $10,000

Annual Growth Rate = 5%

Interest Rate = 9%

Perpetuity = Amount paid/(Interest rate-Growth rate)\\Perpetuity = 10,000/(9/100-5/100)\\ Perpetuity= 10,000/0.04\\Perpetuity =250,000

Clarissa need $250,000

8 0
3 years ago
Read 2 more answers
9. Problems and Applications Q9 Suppose that a borrower and a lender agree on the nominal interest rate to be paid on a loan. Th
den301095 [7]

Answer: False

Explanation:

The real interest rate is the nominal interest rate adjusted for inflation.

If the nominal interest rate was made with inflation in mind and this inflation is less than anticipated, the real rate will be higher not lower than expected.

For instance: Assume the nominal rate is 8% and the two parties assumed inflation would be 4%. Real rate would be:

= 8 - 4 = 4%

If inflation is instead 2%, real rate would be:

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Real rate would be higher than anticipated.

8 0
3 years ago
Suppose two economists are arguing about policies that deal with unemployment. One economist says, " the government could lower
Nikitich [7]

Answer:

The correct answer is Disagree because they have different scientific judgements.

Explanation:

Obviously, what is demonstrated in the previous situation is that the two economists think differently. For this reason, they have different judgments from a training that allows them to recognize the events and propose alternatives to the problems presented.

Value judgments are the criticisms or comments that all people make towards other people or things depending on our perspectives or tastes.

Scientific judgments are always objective and are made with the scientific method, and are made with observation and verification.

We make moral judgments based on the "good or bad" human acts of a person and thus to discover their morality.

8 0
4 years ago
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