Transnet SOC Ltd is a rail, port, and pipeline company in Johannesburg.
Price: This company is a price maker, therefore, in terms of price, Transnet perfect compitetor is a price taker.
Output: Transnet has the ability to decide the quantity of their output and they have many competitors on this one.
<span>Profit: Transnet might be able to increase their profit but in a competition it would be hard because customers might switch to the competitor. </span>
Answer:
The statement is not an express warranty, because it doesn't involve a negotiation of terms between Salazar and Mitsubishi. It is an employee of the company that imploy Salazar to bring the car should the car gives problem, and didn't involve an agreement between the two parties ( Salazar and Mitsubishi)
Explanation:
What is express warranty?
An express warranty arises from the parties’ negotiations in a sales transaction. Express warranties are often included in the written terms of a contract. An “express” warranty by a seller is created by:
Any statement of fact or promise relating to the goods sold which becomes part of the basis of the bargain between the parties, creating a warranty that the goods will conform to the statement or promise.
Any description of the goods sold which becomes part of the basis of the bargain between the parties, creating a warranty that the goods will conform to the description.
Any sample or model, which becomes part of the basis of the bargain between the parties, creating a warranty that the goods will conform to the sample or model.
An express warranty may be created even if the seller does not use formal words such as “warranty” or “guarantee,” and even if the seller does not have a specific intention to make a warranty. However, an express warranty is not created merely because the seller makes a statement as to the value of the goods, or as to seller’s opinion of the goods. Generally, statements made by a seller during the course of contract negotiations are treated as statements of fact, unless it can be shown that the buyer could only have reasonably considered the statement to be an opinion.
Answer:
The correct answer is 842.1 Pesos and 941.18 Pesos.
Explanation:
According to the scenario, the given data are as follows:
Price of Jeans = $80
So, if exchange rate is $0.095 = 1 pesos
Then pesos required to buy that jeans can be calculated as follows:
Pesos required = $80 ÷ $0.095
= 842.1 Pesos
And if 1 Pesos = $0.085, then
Pesos required = $80 ÷ $0.085
= 941.18 Pesos
Answer:
required purchase 83,500
Explanation:
The cost of inventory in july sales and our desired ending invenory is the amount we need. the beginning inventory is a portion of this demand already fullfil, we need to purchase for the difference.
cost of inventory sales for July:
70,000 x (1 - 45%) = 38,500
desired ending inventory 105,000
beginning inventory <u> (60,000) </u>
required purchase 83,500
Answer:
(a) C(x) = 9500 + 55x
(b) R(x) = 90x
(c) P(x) = 35x - 9500
(d) C(240) = $22,700
All functions are measured in $.
Explanation:
The total revenue of an entity is a function of the number of units sold and the selling price per unit. The total cost is a function of the fixed cost and the variable cost (which is also a function of the units produced/sold). Profit is a function of sales and cost.
Given that monthly;
fixed costs = $9500
variable costs = $55 per unit
Selling price = $90 per unit
Where x is the number of units
total costs C(x) in $ = 9500 + 55x
total revenue R(x) in $ = 90x
profit P(x) in $ = 90x - (9500 + 55x)
= 35x - 9500
C(240) = 9500 + 55(240)
= $22,700
