Given the list price equal to $ 9,900, trade discount equal to 2 3/8 % =19/8 %, the net price is calculated below -
Net price factor = (100-19)/100 x (100-8)/100=0.81 x 0.92=0.7452
Net price of the order = $ 9,900 x 0.7452 = $ 7,377.48
To the nearest cent, the answer is $ 7.377.50
This question is really opinionated. In my opinion, I'd choose option 1, but I'm sure option 2 works as well. I think this is really up to you.
Solution:
Total number of seats in the plane = 57
From MSY to DFW = 44 passangers
From DFW to OKL = 49 passangers
From OKL to TUL = 36 passangers
From TUL to FWB = 30 passangers
From FWB to MYS = 49 passangers
So the average number of seats filled per flight
= (44+49+36+30+49) / 5
= 208/5
= 41.6
For the last 5 flights Load factor = Average number of seats filled per flight / Total number of seats in the plane
= 41.6 / 57
= 0.7298
= 72.9%
So for the last five flights the load factor was 72.9%
According to changes in actual revenue or other activities, a flexible budget can be adjusted. The end result is a budget that closely matches actual outcomes. This method differs from the more typical static budget, which only lists fixed spending figures that do not change in accordance with real revenue.
Flexible spending plans adapt to activity levels. It is prepared at different output levels. Compared to the static budget, it is more sophisticated.
The flexible budget, at its most basic, adjusts the costs that directly correspond to changes in income. To determine what expenses should be at a given revenue level, the model often includes a percentage that is multiplied by actual revenues. Flexible Budget reflect a company's anticipated costs based on variation on activity levels.
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