In its income statement for this year, the amount which Jackson inc. should report as dividend income is $18,000.
Given,
Shares purchased = 10,000
Ownership = 2%
Received a stock dividend of 2,000 shares
Market value per share = $40
Cash dividend of $1.50 per share
Dividend income can be calculated by the below given formula-
Dividend Income = No. of shares × dividend per share
Dividend Income = 12000 × $1.50
Dividend Income = $18,000
Therefore, the dividend Income is $18,000
Dividend income is considered as an amount which is distributed to the company's shareholders. Thus, the dividends are distributed from the company's earnings or profits.
Hence, option B is correct.
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A buyer and seller agree that the sale will be contingent on the buyer obtaining financing. The buyer later decides she doesn't want the property, so she doesn't bother to fill out any loan applications. The contingency is dropped from the agreement because:
Answer:
the buyer did not make a reasonable, good faith effort to fulfill the contingency.
Explanation:
When a contract is formed a contingency clause requires a particular action to take place in order for the agreement to be valid.
If the condition is not met them the agreement is invalid.
For example is a sales agreement is contingent on a seller providing delivery services and this is not done, the buyer is released from his obligation of making the purchase.
So in this case if the sale is contingent on the buyer obtaining financing and he does not make an effort to obtain a loan.
The contingency can be dropped because the buyer did not make a reasonable, good faith effort to fulfill the contingency.
Matt is the curator at a large national museum. He researches and catalogs new art pieces that are submitted to the museum. What education might have been necessary for Matt to attain this position? O A. O B. O C. O D. high school diploma associate degree in performing arts bachelor's degree in art history doctorate in computer sciences
The best education for Matt to attain the position of curator at a large national museum is an Option C. bachelor's degree in art history.
A curator is a person who is in charge of the collection and display of artifacts in a museum. Curators are responsible for organizing exhibits, acquiring new collections, and keeping the existing ones in good shape, among other duties. The work of a curator demands a high degree of knowledge of the materials they handle, in addition to organizational skills and the ability to engage with the public.
Curators must typically hold a bachelor's degree in a field related to the collection they oversee. Art history, anthropology, or archaeology are popular majors for curators. Additionally, they should have experience in their particular field of expertise. Furthermore, many museums will require their curators to have a Master's degree or Ph.D. in their field or a related one. These degrees are obtained in specialized postgraduate degree programs, and they demonstrate a deeper understanding of the subject matter and a commitment to the field.
The education for Matt to attain this position would be a bachelor's degree in art history. Art history is the study of visual art throughout history. It is an academic discipline that combines cultural and historical perspectives to examine and understand visual art. In this field, you will learn about artists and their works, styles and movements, and the cultural contexts that surrounded them. This knowledge is critical to the work of curating art collections, and it will enable Matt to be efficient in his job. Therefore, the correct option is C.
The question was incomplete, Find the full content below:
Matt is the curator at a large national museum. He researches and catalogs new art pieces that are submitted to the museum. What education might have been necessary for Matt to attain this position?
A. high school diploma
B. associate degree in performing arts
C. bachelor's degree in art history
D. doctorate in computer sciences
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How do the instances when expansionary fiscal policy should be used compare with those for contractionary fiscal policy? (1 point)
Expansionary fiscal policy should be used to increase government revenue and contractionary fiscal policy should be
used to increase consumer spending.
Expansionary fiscal policy should be used to combat high inflation and contractionary fiscal policy should be used to
increase government revenue.
Expansionary fiscal policy should be used during recessions to help build the economy and contractionary fiscal
policy should be used when there is high inflation.
Expansionary fiscal policy should be used to decrease the unemployment rate and contractionary fiscal policy should
be used when economic growth is too fast.
The right option is that Expansionary fiscal policy should be used during recessions to help build the economy and contractionary fiscal policy should be used when there is high inflation.
How is expansionary fiscal policy compare to contractionary fiscal policy?Contractionary fiscal policy is known to be a policy that applies when the government taxes are said to be more than what they spends.
The Expansionary fiscal policy is known to be when the spending of the government is said to be more than the government taxes.
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Krishna is 56 years old; he has contributed to the CPP without interruption for over 30 years. While crossing the street, Krishna was struck by a bus and seriously injured. He is currently hospitalized and on life support and his doctors have informed Krishna's family that it is uncertain as to whether he will awaken from his coma. Assuming at the time of his accident, Krishna was entitled to a CPP retirement benefit of $660, the flat-rate disability amount is $496.36 per month and the maximum monthly disability benefit is $1362.30, how much of a disability benefit will Krishna receive under the CPP? a) 50 b) $865.94 C) $991.36 d) $1156.36
Option(A) is the correct answer. Krishna will receive a disability benefit of $660 under the CPP.
To determine the disability benefit that Krishna will receive under the CPP, we need to consider a few factors. First, let's calculate the disability benefit based on the provided information:
The flat-rate disability amount is $496.36 per month.
The maximum monthly disability benefit is $1362.30.
Krishna's entitlement to a CPP retirement benefit is $660 per month.
To calculate the disability benefit, we compare the retirement benefit to the flat-rate disability amount and the maximum monthly disability benefit:
The disability benefit will be the lesser of:
The retirement benefit ($660)The flat-rate disability amount ($496.36) plus the retirement benefit minus the flat-rate disability amount.Let's calculate the disability benefit based on the above formula:
Disability benefit = min(retirement benefit, flat-rate disability amount + retirement benefit - flat-rate disability amount)
= min($660, $496.36 + $660 - $496.36)
= min($660, $660)
= $660
Therefore, Krishna will receive a disability benefit of $660 under the CPP.
Option (a) 50, option (b) $865.94, option (c) $991.36, and option (d) $1156.36 are not correct based on the given information. The correct answer is that Krishna will receive a disability benefit of $660 under the CPP.
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Krishna is 56 years old; he has contributed to the CPP without interruption for over 30 years. While crossing the street, Krishna was struck by a bus and seriously injured. He is currently hospitalized and on life support and his doctors have informed Krishna's family that it is uncertain as to whether he will awaken from his coma. Assuming at the time of his accident, Krishna was entitled to a CPP retirement benefit of $660, the flat-rate disability amount is $496.36 per month and the maximum monthly disability benefit is $1362.30, how much of a disability benefit will Krishna receive under the CPP? a) $660 b) $865.94 C) $991.36 d) $1156.36
List your personal and professional goals and create an individual career plan. Your plan should have specific milestones and achievements and should span 10 years.
can someone help me I want to go into the Navy or be a Tattoo artist and I can't think of anything for this.
30 POINTS!!
Explanation:
Setting specific, measurable career development goals can help you get to the next level in your career. While developing a career plan can entail a significant amount of work, it will pay off in helping you to understand where you want to go with your career next and what you need to do to get there.
Creating and implementing an employee career development plan allows you to feel motivated at work, even if you haven’t found your dream job just yet, because it helps you to make concrete plans to get there.
Here, we define a career development plan template and outline five steps to easily and efficiently make an individual development plan for yourself.
Any christian guys wanna be friends?
Answer:
Explanation:
Im not a guy im a girl but can we still be friends
what is the purpose of creating a prototype?
Answer:
Prototypes provide a way to see how a possible product, idea, design, etc., would function in natural environments (not in the lab/workshop), but in the real world. They also can let designers, and those building it see if there are anything that needs to be changed or altered.
What can a boosted post help an advertiser achieve?
A boosted post helps an adviser to connect with the audience and gain trust.
Boosted post is a kind of post that is used on social media platforms in order to enhance the page of the platform and to attract audience to the page. Boosted post can help better communication with the audience along with the increase in a greater number of messages, calls and texts. Boosted posts help for better advertisements of the product. For example, A Chocolate brand may use Boosted posts to gain audience as well as consumers. Boosted posts helps an adviser to be discovered among people, to establish a benchmark in the market and to gain more and more customers. It's a kind of marketing strategy used for publicity purpose.
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If Japan has a comparative advantage in the production of microchips,how would that affect their international trade?
Answer: countries would purchase microchips from japan because they are cheaper
Explanation:
Answer:
C countries with purchase microchips from Japan because they are cheaper.
Explanation: USATestprep
You have three separate accounts with your bank that you can manipulate with online banking. Account a is a checking account with a $5,245.50, Account b is a personal savings account with a $12,850.25 balance, and account c is a joint college savings account with your 12-year-old son. You move $2,500 from account b to account a to cover an unexpected bill. You also move 1.5% of the remaining balance in account b to account c. What is left in account b after these transfers?
Answer:
10,194.99625
Explanation:
12,850.25 - 2,500 = 10,350.25
10,350.25 - 1.5%10350.25 = 10,350.25 - 155.25375
= 10,194.99625
P.C.
YOUR TEACHER IS CRAZY BRO...
Answer: 10,195
Explanation: love and trust
external cost of expanding or building airport
Answer:
External costs may involve or interact and be impacted by the environment, society, or economic travesty, especially ones that were uncalled-for.
External costs depend on many things, including area, time, and space, but will mostly be a few hundred thousand U.S.D.
What type of account is recommended for unexpected expenses?
Answer:
emergency fund
Explanation:
property values tend to go down in high-crime neighborhoods. this reflects which of these costs of crime?
The reflection of the cost of crime is "Reduced Property Values" in high-crime neighborhoods. When criminal activities increase, the perception of insecurity and fear of being a victim of violence also increases, leading to a decrease in housing demand and lowering the property's value.
The more property values tend to decrease, the higher the social cost of crime becomes.
What are social costs?Social costs are defined as the direct and indirect expenses that a criminal incident imposes on society as a whole, and they are often not born by those who caused the harm.
Direct and indirect expenses include money spent by individuals, businesses, or the government to prevent, respond to, and remedy crime.
They may also include non-monetary damages like emotional stress, decreased property values, and reduced quality of life. Crime victims are generally the ones who bear the brunt of the costs of crime.
Types of Social Costs of Crime:
Property damage and lossReduced Property ValuesLowered Quality of LifePain and SufferingPsychological DistressCosts of Injury and TreatmentCosts of Prevention and SecurityCosts of Criminal Justice System and IncarcerationCosts of Lost Productivity and Workforce DropoutCosts of Family and Community Dysfunction and Breakdown, among others.to know more about social cost refer here:
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Air Environment installs central air conditioning at Bob's office premises, for a contract price of $5,600. The air conditioning system is installed, but there are defects in workmanship that will cost $1,740 to remedy. What payment is Air Environment entitled to?
Select one:
a.
The full contract price of $5,600 minus the cost to rectify the defects, as the defects would be considered to be minor relative to the contract price, indicating that the contract has been substantially performed.
b.
Nothing, as they did not substantially perform the contract.
c.
The full contract price of $5,600, as this is what was agreed between the parties.
d.
Nothing, as they have acted contrary to industry standards.
Air Environment is entitled to the full contract price of $5,600 minus $1,740.
Air Environment is entitled to the full contract price of $5,600 minus the cost to rectify the defects. This is because the defects in workmanship are considered to be minor relative to the contract price. The concept of substantial performance comes into play here. Substantial performance means that even though there are minor defects, the contractor has completed the majority of the work as agreed upon in the contract.
In this case, the air conditioning system has been installed, and the defects in workmanship can be remedied for a cost of $1,740. Since the defects are considered minor in comparison to the contract price of $5,600, Air Environment is still entitled to receive the full contract price. Therefore, option a. is the correct answer.
To summarize:
- The contract price is $5,600.
- The defects in workmanship can be remedied for a cost of $1,740.
- Substantial performance allows Air Environment to receive the full contract price minus the cost to rectify the defects.
- Therefore, Air Environment is entitled to the full contract price of $5,600 minus $1,740.
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pls respond soon!
Two stocks are offered to investors, one long-term, one short-term. Assuming each bond pays the same interest rate, which is the best option for a 30-year-old investor?
-Short-term with low returns
-Long-term with high returns in year one
-Long-term with low yearly returns
-Short-term with high returns in year one
The best bond option for a 30 - year old investor is Long-term with low yearly returns.
What type of bonds are best for young investors?The type of bond that would be best for a young investor would be one that has a long term horizon. This is because young investors have a long time ahead of them to make money from their jobs. They don't need the returns from the bonds just yet. They will however need those bond returns when they are older and so they should just pick a long - term bond.
When it comes to the returns they should go for, the bond should be one with low yearly returns. Again, they don't need the returns as much so they can take those with low yearly returns. These ones are less risky and so will be available for them when they grow old. A 30 - year - old investor should therefore take a long - term bond with low yearly returns.
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Answer:
C. Long-term with low but steady yearly returns
Explanation:
you have assigned the following values to these three firms: price upcoming dividend growth beta us bancorp $ 34.55 $ 2.35 6.20 % 1.67 praxair 37.80 1.36 13.50 2.49 eastman kodak 50.35 2.00 13.80 0.64 assume that the market portfolio will earn 13.30 percent and the risk-free rate is 6.00 percent. compute the required return for each company using both capm and the constant-growth model.
The required return for US Bancorp using the Capital Asset Pricing Model (CAPM) is 12.68%, which is calculated as: Risk-free rate + Beta * (Expected market return - Risk-free rate).
The required return for US Bancorp using the Constant Growth Model is 12.61%, which is calculated as: Dividend per share/ Price per share + Growth rate. Similarly, the required return for Praxair and Eastman Kodak can be calculated using the same formula.
The Capital Asset Pricing Model (CAPM) is a tool used to calculate the expected return of an asset given the risk-free rate and the asset's beta, which measures its volatility relative to the market. The required return is calculated as: Risk-free rate + Beta * (Expected market return - Risk-free rate).
The Constant Growth Model is an alternative to the CAPM and is used to calculate the required return on an asset given its dividend per share, price per share and expected growth rate.
The required return is calculated as: Dividend per share/ Price per share + Growth rate. By applying either of these models, investors can estimate the required return of a stock or security.
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Write a three- to five-sentence paragraph that defines economics. Based on your definition, explain why it is difficult to consider economics an exact science. You may want to consider how economists approach economics to help you explain your answer.
Answer: See explanation
Explanation:
Economics is referred to as a social science that is concerned with how goods are produced, how they're distributed and how they're consumed. Economics is the social science that studies why human beings behave the way that they do.
It is difficult to consider Economics as a science because it lacks a hypotheses that's testable. Also, there is lack of consensus and the scientific method is not followed in Economics.
A farmer has allowed people to come into the farmer's property to hunt for deer. The farmer gave verbal permission to some people and written permission to others. In real estate, such permission is generally considered to be
In real estate, verbal permits generally have no validity because they do not have the rigor of a written permit.
What is a permit?A permit is a grant that a person makes on one of her properties for a specific purpose. Generally, property owners permit other people to work the land on their properties and in return receive financial compensation.
What is the difference between written permission and verbal permission?Written permission is a document that sets out all the terms and conditions that support a concession. On the other hand, verbal permission is an agreement that is made verbally and does not have as much rigor and specificity about the agreement.
According to the above, in real estate, verbal agreements are not valid because they do not have clear terms and conditions that support the agreements made between two people.
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Analyse two effects on the restaurant's break even analysis of introducing the proposed new menu
A firm can determine the minimal sales volume necessary to avoid losses by using break-even analysis.
Break-Even Point = Total Fixed Costs ÷ (Total Sales - Total Variable Costs ÷ Total Sales)What is break-even analysis?A small-enterprise accounting method called "break-even analysis" can be used to estimate when a firm, or a novel item or service, would become successful. The number of goods or services you must sell to at least pay your production expenses is calculated from a financial perspective.
Simply said, break-even analysis enables you to identify the point at which your company, or a new product or service, will become profitable. Investors also use it to identify the moment at which they will recover their investment and begin to profit.
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Which of the following 4 firms should have the highest price-earnings ratio? Firm 1 with a high beta and a low dividend growth. Firm 4 with a low beta and a high dividend growth. Firm 3 with a high beta and a high dividend growth. Firm 2 with a low beta and a low dividend growth.
The price-earnings ratio (P/E ratio) is a popular metric used by investors to determine the relative value of a company's stock. The P/E ratio is calculated by dividing the current stock price by the earnings per share (EPS) of the company. A higher P/E ratio indicates that investors are willing to pay more for each dollar of earnings that the company generates.
In terms of the four firms given, the firm that should have the highest P/E ratio is Firm 3 with a high beta and a high dividend growth. A high beta indicates that the stock is more volatile than the overall market, which means that investors are expecting higher returns. Additionally, a high dividend growth rate indicates that the company is increasing its dividends at a faster rate, which can also lead to higher stock prices.
On the other hand, Firm 1 with a high beta and a low dividend growth and Firm 2 with a low beta and a low dividend growth may have lower P/E ratios because they may be perceived as less risky investments. Finally, Firm 4 with a low beta and a high dividend growth may have a moderate P/E ratio since it has a lower risk profile but still offers attractive dividends to investors.
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how is a held-to-maturity security reported on the balance sheet when there are expected credit losses?
To held-to-maturity security reported on the balance sheet when there are expected credit losses is by held-to-maturity security reported.
What is held-to-maturity security reported?Securities that are intended to be held to maturity are debt instruments, such as bonds, that the holder may and will hold. These have an amortized cost and are stated as such. Since the return is set, further fluctuations in market value are disregarded. Securities that are bought by businesses with the intent to retain them until maturity are known as held-to-maturity securities. They differ from trading securities or securities that are open for sale in that firms typically do not keep onto securities until they mature. Bonds and other debt instruments are the most popular held-to-maturity securities.
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whether carried out by an individual or a country, production beyond the production possibilities frontiera. is not physically possibleb. is possible only through tradec. can occur by acquiring more productive resourcesd. happens as a result of forced saving
A) PPF is not physically possible as the PPF represents the maximum output that can be produced with the available resources and technology
B) It is possible to increase production beyond the PPF through trade by specializing in producing the goods and services
C) Acquiring more productive resources can shift the PPF outward,
D) Forced saving shifts the PPF outward.
A) Production beyond the production possibilities frontier (PPF) is not physically possible, as the PPF represents the maximum output that can be produced with the available resources and technology. The PPF is a graphical representation of the trade-offs that must be made between producing different goods and services with limited resources.
B) It is possible to increase production beyond the PPF through trade by specializing in producing the goods and services in which a country has a comparative advantage and trading with other countries for the goods and services in which they have a comparative advantage.
C) Acquiring more productive resources can shift the PPF outward, but production beyond the new PPF would still not be physically possible without further improvements in technology.
D) Forced saving, which involves reducing consumption to increase investment and capital accumulation, can increase the stock of productive resources and shift the PPF outward, but it would not enable production beyond the new PPF.
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Why should people be cautious when considering a loan with a variable
interest rate?
О
A. Borrowers are locked in at the rate that is offered.
О
B. The interest rate may increase after an introductory period.
C. The interest rate may decrease if more competitive rates are
offered
D. An annual percentage rate is not required on variable rates.
Answer: B - The interest rate may increase after an inductor period.
B. The interest rate may increase after an introductory period.
What Is the Danger of Taking a Variable Rate Loan?Your lender can trade your hobby fee at any time. at the same time as this does present possibilities for lower interest quotes, you could additionally be assessed hobby at better costs that are increasingly developing. there may be no way of understanding what your future hobby fee exams could be underneath a variable fee agreement. Therefore, you can grow to be with insufficient coins glide to pay down monthly payments as the one's payments may also grow inside the future.
Interest costs are much more likely to decline all through periods of slower financial interest. To encourage business improvement and process advent, the Federal Reserve will often decrease fees which forces decreased borrowing prices for loans on a variable rate.
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Explain the impact of the asset demand, transaction demand, & total demand for money on the economy.
-TV and QRS-TV are trying to decide whether to air a sitcom or a reality show in a given time slot. Viewers like both sitcoms and reality shows, but sitcoms are more expensive to produce than reality shows since real actors need to be hired. QRS-TV makes its decision first, and then P-TV observes that choice before making its decision. Both stations know all of the information in the decision tree below. Given the information in this decision tree, if QRS-TV announces that it will air a reality show, it can expect to:
Answer:
i am not sure
Explanation:
What phrase describes businesses who develop a positive relationship to
society
Bridgeport Fashions needs to replace a beltloop attacher that currently costs the company $60,000 in annual cash operating costs. This machine is of no use to another company, but it could be sold as scrap for $3,128. Managers have identified a potential replacement machine, Euromat's Model HD-435. The HD-435 is priced at $90,000 and would cost Bridgeport Fashions $40,000 in annual cash operating costs. The machine has a useful life of 8 years, and it is not expected to have any salvage value at the end of that time. Click here to view the factor table. (a) Calculate the net present value of purchasing the HD-435, assuming Bridgeport Fashions uses a 12% discount rate. (For calculation purposes, use 4 decimal places as displayed in the factor table provided and round final answer to 0 decimal place, e.g. 58,971.) Net present value (b) Calculate the internal rate of return on the HD-435. (Round answer to 0 decimal places, e.g. 25%.) Internal rate of return % (c) Calculate the payback period of the HD-435. (Round answer to 4 decimal places, e.g. 15.2515.) Payback period years (d) Calculate the accounting rate of return on the HD-435. (Round answer to 2 decimal places, e.g. 11.25%.) Accounting rate of return % (e) Should Bridgeport Fashions purchase the HD-435?
Bridgeport Fashions is considering replacing its current beltloop attacher with Euromat's Model HD-435. The current attacher has an annual cash operating cost of $60,000 and no salvage value, while the HD-435 costs $90,000 with annual cash operating costs of $40,000 and an expected useful life of 8 years.
The machine can be sold as scrap for $3,128. The company's discount rate is 12%. To evaluate the decision, we need to calculate the net present value, internal rate of return, payback period, and accounting rate of return. The final question is whether Bridgeport Fashions should purchase the HD-435.
To calculate the net present value (NPV), we determine the present value of cash inflows and outflows associated with the HD-435. The cash inflow is the salvage value of the current machine ($3,128), and the cash outflows include the initial cost of the HD-435 ($90,000) and the annual operating costs ($40,000) for 8 years. Using the discount rate of 12% and the provided factor table, we calculate the NPV to be -$14,279.
The internal rate of return (IRR) is the discount rate that makes the NPV zero. By finding the rate that yields an NPV closest to zero, we can determine the IRR. In this case, the IRR is approximately 12%.
The payback period is the time it takes for the initial investment to be recovered through cash inflows. We calculate the cumulative cash inflows each year until they exceed the initial investment. The payback period for the HD-435 is 3.5 years.
The accounting rate of return (ARR) is calculated by dividing the average annual accounting income by the initial investment cost. Since the accounting income is not provided in the given information, we cannot calculate the ARR.
Based on the results, the HD-435 has a negative net present value, suggesting that it may not be a financially viable investment. However, other factors such as operational benefits or strategic considerations should also be considered in the decision-making process.
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In the probabilistic model, increasing the service level will cannot be determined.
increase the cost of the inventory policy.
reduce the cost of the inventory policy.
have no impact on the cost of the inventory policy.
In the probabilistic model, increasing the service level will increase the cost of the inventory policy.
This is because the service level refers to the percentage of demand that the inventory policy is designed to satisfy. Increasing the service level means that the policy is expected to meet a larger percentage of demand, which in turn requires higher levels of safety stock to be held in inventory.
This increased level of safety stock increases the cost of the inventory policy due to higher holding costs, ordering costs, and potential write-offs of excess inventory. Therefore, there is a trade-off between service level and cost in inventory management, and a higher service level comes at a higher cost.
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Professor Bong has just written the first textbook in Punk Economics. It is called 'Up Your Isoquant'. Market research suggests that the demand curve for this book will be Q = 2,000-100P, where P is the book's price. It will cost $1000 to set the book in type. This setup cost is necessary before any copies can be printed. In addition to setup cost, there is a marginal cost of $4 per book for every book printed.
a. What is the total revenue function R(Q) for Professor Bong's book?
b. What is the total cost function C(Q) for producing Professor Bong's book?
c. What are the marginal revenue function MR(Q) and the marginal cost function MC(Q)?
d. Find the profit-maximizing quantity of books for Professor Bong to sell.
Answer:
a. R(Q) = 2OQ - 0.01Q^2
b. C(Q) = 4Q + 1000
c. MR(Q) = 20 - 0.02Q; and MC(Q) = 4.
d. The profit-maximizing quantity of books for Professor Bong to sell is 800.
Explanation:
a. What is the total revenue function R(Q) for Professor Bong's book?
From the demand function, we can obtain price function P as follows:
Q = 2,000-100P
Q + 100P = 2,000
100P = 2,000 - Q
Divide through by 100, we have:
P = 20 - (1 / 100)Q
P = 20 - 0.01Q
The total revenue function R(Q) is the product of quantity demanded Q and price function of the book P as follows:
R(Q) = Q * P = QP .................... (1)
Since P = 20 - 0.01Q, we substitute into equation (1) and solve further as follows:
R(Q) = Q(20 - 0.01Q)
R(Q) = 2OQ - 0.01Q^2 <====== Total revenue function R(Q)
b. What is the total cost function C(Q) for producing Professor Bong's book?
By removing the dollar sign, this can be obtained as follows:
MC = Marginal cost = 4
VC = Variable cost = MC * Q = 4 * Q = 4Q
FC = Fixed cost = Setup cost = 1000
Therefore, the total cost function C(Q) can be obtained as follows:
C(Q) = VC + FC ...................... (2)
Substituting the values into equation (2), we have:
C(Q) = 4Q + 1000 <====== Total cost function C(Q)
c. What are the marginal revenue function MR(Q) and the marginal cost function MC(Q)?
To obtain the marginal revenue function MR(Q), the first derivative of the total revenue function R(Q) in part a is taken as follows:
MR(Q) = R'(Q)
MR(Q) = 20 - 0.02Q
To obtain the marginal cost function MC(Q), the first derivative of the total cost function C(Q) in part b is taken as follows:
MC(Q) = C'(Q)
MC(Q) = 4
d. Find the profit-maximizing quantity of books for Professor Bong to sell.
Since profit is maximized where MR(Q) = MC(Q), the profit-maximizing quantity of books for Professor Bong to sell can be calculated as follows:
20 - 0.02Q = 4
20 = 4 + 0.02Q
20 - 4 = 0.02Q
16 = 0.02Q
Q = 16 / 0.02
Q = 800
Therefore, the profit-maximizing quantity of books for Professor Bong to sell is 800.
Requiring managers to prepare the budgets from scratch or zero-base may help them to overcome the problem of:
Answer: Excessive cost
Explanation:
Zero-based budgeting is the sort of budgeting where when income is subtracted from expenses it gives zero. This sort of budgeting puts a measure of the expenses, it ensures the expenses matches the income. The purpose of the budget plan is to justify expenses and optimize cost, thereby look out for cost effective ways to plan and avoid inflated budgets. It primarily guides against excessive costs on projects.