Search & Filtering
Which one of the following is a purpose of financial budgets?
Select one:
a.
They verify the viability of the strategic plans (operating budgets).
b.
They reveal the financial actions that the business must take to make the execution of its strategic budgets possible.
c.
They indicate how the operating plans of the financial function will affect past financial actions.
d.
They indicate how the operating plans of the business will affect future financial actions.
Kabelo and Hendrik are joint owners of Fitness Gym. They are currently investigating the option of investing in cryotherapy, a cold therapy that may reduce inflammation in tendons or joints. Their investment would provide Fitness Gym members with equipment which may be used to reduce post-exercise recovery times, at an additional cost. The addition of cryotherapy to the gym represents a strategic service for Fitness Gym. Which one of the following statements reflect the importance of capital-investment projects such as the example above?
Select one:
a.
The relative magnitude of the amounts involved.
b.
The short-term nature of capital-investment decisions.
c.
The operational nature of capital-investment projects.
d.
The direct effect of the time value of money on capital-investment projects.
Boya Ltd. produces e-readers to be used in primary schools. An e-reader is sold for R1 500 with a variable cost of R665 and a fixed cost of R960 000. How many e-readers must Boya Ltd. sell in order to break even? (Answer rounded up to the nearest unit).
Select one:
a.
443
b.
1 444
c.
640
d.
1 150
Gunn&Moore manufactures cricket bats at one of its plants. The fixed cost amounts to R1 600 000 per annum. The bats are sold at R400 each and the variable cost per unit amounts to R150. The break-even point of this plant is ____________ units.
Select one:
a.
2 909
b.
2 300
c.
4 000
d.
6 400
1. Assess the following functions:
1. π β²(π₯) = π₯ 2 + 6π₯ + 2
2. π β²(π₯) = 10π₯ β 2π₯ 2 + 5
a. Find the stationary points.
b. Determine whether the stationary point is a maximum or minimum.
c. Draw the corresponding curves, they can be in the same graph.
A Firm has the following production function πΈ = πππ³ β π. ππ³ π.
a.Using differential calculus find the unit of labor that maximizes the production.
b. Estimate function of Marginal product of labor.
c. Obtain the Average product of labor.
d. Find the point at which the marginal product of labor is equal to the average cost.Β
There is no difference between the marginal rate of substitution and the marginal rate of transformation.
Do you agree with this statement? Elaborate on your answer.
Use appropriate examples to discuss three critical assumptions about the properties of consumersβ
preferences.
Use well labeled diagrams to discuss the relationship between the price elasticity of demand and total
revenue.
Suppose that the price elasticity of demand for maple syrup has been estimated at -4. If quantity
demanded increased by 10 percent, price must have changed by
