Answer:
D) increase at a faster rate than the costs associated with those sales.
Explanation:
If the break even point was reached during the 20th day of the month, then any revenue generated during the remaining 10-11 days will increase net profits. The amount of net profit increase will be determined by the contribution margin of each service provided. The contribution margin = net sales - variable costs. Since the fixed costs have already been covered, the contribution margin will be equal to the net profit.
Answer:
D. Pure competition spreads resources between many different
firms.
Explanation:
Pure competition is a market structure with many suppliers and many buyers. All the suppliers sell a homogeneous product. There is intense business competition among the suppliers. Other characteristics of pure competition include
- There are no dominant suppliers.
- There is ease of entry and exit into the market
- Suppliers/firms are price takers.
In pure competition, resources are shared among the many competing firms in the industry, unlike in a monopoly that has only a single supplier. Resources include raw materials and profits.
The things that describes above is that they are all intelligent techniques. These are used in dealing with decision making. In order for the person to know how to deal with the situations and how to cope up by applying the following characteristics in situations.
Answer:
<u>a. True</u>
Explanation:
Indeed, we could rightly say the statement is true by remembering the four key factors of production (business):
- capital (wealth)
- labor
- resources
- entrepreneur.
Labor is part of the list of important factors and political freedom allows the entrepreneur to sucessfully manage business activities.
Answer:
Explanation:
September October Nov December
Opening cash balance - 9250 3490 3290 3090
Football tickets (160)
Entertainment (250) (250) (250) (250)
Tuition fee (4,800)
Rent (600) (600) (600) ( 600)
Food (550) (550) (550) (550)
Apartment deposit (600) 600
Earning 1200 1200 1200 1200
3490 3290 3090 3490
Covaig Kovar does not have enough cash for the tuition
The projected cash balance of $3490 is less than the tuition of $4800 by $1310
With this budget he is able to realize that he needs to augment his cash inflow or cut his expenses to meet up
