"Business Manager and Director of Finance" Please respond to the following:

Feb 3rd, 2012
Studypool Tutor
Price: $10 USD

Tutor description

Of all the duties described in Chapter 20, determine the one duty that is the most important for management to uphold. Imagine you are the Director of Finance for a large publicly traded company. Of all the material covered in Chapter 22, analyze the single most important element that a Director of Finance must practice diligently. Provide a rationale for your answer.

Word Count: 341
Showing Page: 1/1
Problem 1:When the demand function is Q = 5,000 - 25P, the inverse demand function isP = 200 - 0.04QTR = (P)(Q)= 200Q - 0.04Q2MR = 200 - 0.08QTC = 1500 + 20Q + 0.02Q2MC = 20 + 0.04QProfit is maximized when MR = MC200 - 0.08Q = 20 + 0.04QOr, 0.12Q = 180Or, Q* = 180/0.12 = 1500Theref

Review from student

Studypool Student
" Was sceptical because of all the poor reviews but I was desparate. Turned out pretty well, so I'm pleasantly surprised. "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1828 tutors are online

Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors