Answer:
The CVP income statement would report a contribution margin $220000.
Explanation:
CVP income statement
sales $480000
total variable cost ($260000)
contribution margin $220000
total fixed expenses ($150000)
operating income $70000
Therefore, The CVP income statement would report a contribution margin $220000.
Answer:
The corrects answers that fills the gaps are: 2 cents; $1,07.
Explanation:
Electronic payment methods are a payment system that facilitates the acceptance of payments to carry out transactions without having to use cash. The development of financial systems and advances in information technology have allowed the emergence of these new means of payment, which are increasingly used worldwide.
Among the main electronic means of payment can be mentioned: debit cards, credit cards, mobile wallet and internet transactions - electronic banking.
The advantages:
- They are safer than the use of cash.
- They allow paying for goods or services in an immediate or faster way.
- They allow easy control over the operations and expenses incurred.
- They can be used to make purchases online.
- In some cases, they help build a credit history.
- They allow access to financial products and services.
To learn how people are searching online, a keyword analysis would be most relevant.
Answer:
1. True
2. False
Explanation:
A perfect competition is characterised by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.
In the long run, firms earn zero economic profit. If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.
Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.
An example of perfect competition is the market for farm produce.
I hope my answer helps you
