Answer:C. The current price of the product covers the variable cost of production.
Explanation:A perfectly Competitive market is market where all firms produce similar product,and none of the firm's is superior,all the firm's are price takers as they can not influence the market price.
A perfectly Competitive firm is a firm whose product demand changes at the slightest change in the price of the product,any firm that is perfectly Competitive will work with the already existing price level of the market for its products and services, a perfectly Competitive firm is also known as spruce taker as it is expected to sell According to the existing market price.
ALEX'S OPINION Will BE SUPPORTED IF TRUE ONLY IF THE CURRENT PRICE OF THE PRODUCT COVERS OR IT IS HIGHER THAN THE VARIABLE COST OF PRODUCING THE PRODUCT.
A home you can live in it longer than when you rent a home.
Answer:
"A" options is correct
Explanation:
Transnational organizations actually controls the world economy. These are the organizations that function in multiple countries and have assets and manufacturing plants in multiple countries. They controls the flow of money and they are biggest buyers and sellers in market like Unilever and Microsoft. They are giants that control economies of multiple countries. Because they are actually investing in multiple countries. so the flow of money in and out of that country is majorly controlled by these organizations.
Answer:
Will switching to a perpetual inventory system strengthen Triple Creek Hardware’s control over inventory items?
- Yes, a perpetual inventory system provides updated information about inventory levels and costs. Since it is updated immediately, many of the company's problems could be solved, e.g. you can place an alert for minimum inventory levels on certain products and you can determine if the stocks of low sellers are too high.
Will switching to a perpetual inventory system eliminate the need for a physical inventory count?
- It will not completely eliminate the need to carry out a physical inventory, but it should reduce it substantially. Also, you can carry out a random physical inventory for certain products only. If the physical count shows that there are problems with the registered inventory, then you can carry out a complete physical count.
Answer:
Break-even point in dollars= $45,467,000
Explanation:
Giving the following information:
Last year, 80% of its revenue came from the delivery of mailing "pouches" and small, standardized delivery boxes (which provides a 20% contribution margin). The other 20% of its revenue came from delivering non-standardized boxes (which provides a 70% contribution margin). With the rapid growth of Internet retail sales, Express believes that there are great opportunities for growth in the delivery of non-standardized boxes. The company has fixed costs of $13,640,100.
Weighted average contribution margin ratio= (0.80*0.20) + (0.20*0.70)= 0.3
Break-even point in dollars= fixed costs/ contribution margin ratio
Break-even point in dollars= 13,640,100/0.30= $45,467,000
