Answer: Understated and Overstated
Explanation:
Cost of good sold is the addition of Opening stock to the purchases and subtracting closing stock, the omission of $10,000 will reduce it. Invariably a reduction in cost of sales will overstate income.
Answer:
The contribution margin from each customer of the individual business segment is $24.75
Explanation:
Contribution margin from each customer of the individual business:
Customers = 400
Revenue = $35000
Variable cost = $25100
Total Contribution margin = Revenue – Variable cost
= $35000 - $25100
= $9900
Contribution margin from each customer of the individual business :- = Total Contribution margin/customers
= $9900/400
= $24.75
Therefore, The contribution margin from each customer of the individual business segment is $24.75
EXPLANATION: The MP curve is one of three related curves used in the analysis of the short-run production so basically the marginal product (MP) curve plays in key role in the economic analysis of short-run production by firm
Answer: MP curve looks like a reverse U shaped curve or are invertedly U-shaped
Ramadhan is the <span>ninth month of the Islamic calendar</span>
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>
