Answer:
<u>True</u>
Explanation:
If this $27,500 fine is actually per passenger, it could greatly incentivize airlines to cancel fewer flights than before. Consider that, most airline tickets are far lower than $27,500, so if airlines are paying fines worth many times more than they actually collect per individual tickets, they will incure great losses.
Answer:
units started less 200.
Explanation:
Unit at which the process is started on the beginning of January minus the closing inventory is the number of completed units in work in process when there is No beginning Work in process.
Using following formula we will calculate the Units completed in WIP.
Work in process Closing Inventory = Opening WIP + Addition during the period - Completion during the period
200 units = $0 + Addition during the period - Completion during the period
Completion during the period = Addition during the period - $200 units
In the absence of Beginning Inventory the the addition during the period is the number of unit at which the process is started.
Answer:
the price per unit that should be charged to the customer is $8,373.75
Explanation:
The computation of the price per unit that should be charged to the customer is shown below
Unit product cost = ($9,700 + $10,600) ÷ 4 units
= $5,075 per unit
Now the price per unit is
= Unit product cost × given percentage
= $5,075 × 165%
= $8,373.75
hence, the price per unit that should be charged to the customer is $8,373.75
Answer:
Less than; Greater than.
Explanation:
The total goods quantity will be lesser in a competitive market while it will be greater in a monopoly state or market.
This also explains optimal price which can be defined as the price at which the seller can make the highest profit possible, that is, the seller’s price is maximized. The rule of marginal output postulates that profit is maximized by producing an output, whereby, the marginal cost (MC) of the last unit produced is exactly equal to the marginal revenue (MR).
