Refer to the advertising expenditure rule when answering the following. show that a perfectly competitive firm will not spend on advertising. show that as a market’s concentration increases, firms spend more on advertising. show that a firm’s profit-maximizing advertising-to-sales ratio (tea/tr) is a constantproportion of its profit-maximizing markup; i. e. te /tr  e pmc/ p.aaindependent of your answer to (c), show that a firm’s profit-maximizing advertising-to-sales ratio is equal to the firm’s elasticity of price with respect to advertising, epa = %p/%a. note: by comparing the profit-maximizing advertising rule given in class and the one given in (d), you should now be aware that advertising has both quantity and price effects and be able to discuss how these affect the profit-maximizing advertising-to-sales ratio.

Weber company purchases $44,270 of raw materials on account, and it incurs $52,730 of factory labor costs. supporting records show that (a) the assembly department used $27,580 of raw materials and $33,320 of the factory labor, and (b) the finishing department used the remainder. manufacturing overhead is assigned to departments on the basis of 150% of labor costs.journalize the assignment of overhead to the assembly and finishing departments.account titles and explanation debit credit

Alicia has a collision deductible of $500 and a bodily injury liability coverage limit of $50,000. she hits another driver and injures them severely. the case goes to trial and there is a verdict to compensate the injured person for $40,000 how much does she pay?

The production manager of rordan corporation has submitted the following quarterly production forecast for the upcoming fiscal year: 1st quarter 2nd quarter 3rd quarter 4th quarter units to be produced 10,800 8,500 7,100 11,200 each unit requires 0.25 direct labor-hours, and direct laborers are paid $20.00 per hour. required: 1. prepare the company’s direct labor budget for the upcoming fiscal year. assume that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced. 2. prepare the company’s direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is not adjusted each quarter. instead, assume that the company’s direct labor workforce consists of permanent employees who are guaranteed to be paid for at least 2,500 hours of work each quarter. if the number of required direct labor-hours is less than this number, the workers are paid for 2,500 hours anyway. any hours worked in excess of 2,500 hours in a quarter are paid at the rate of 1.5 times the normal hourly rate for direct labor.