Answer: If we sell a product in a perfectly competitive market, then we are bound by the same rule with which most firm operate.
∴ Even if we are not happy with its price, we would not raise the price, even by a cent. This is because , in a perfect competitive market there are several sellers selling the same commodity and since they are the "price taker", they will not be able to comprehend a price change in the commodity as it will lead to decrease in their consumer. i.e. Here consumer will prefer other sellers over that firm.
It is important to look at many different companies in which to invest your money in because you will be able to compare which company has the greatest advantage among others so that you will not only have a sure return on your investment but also a higher return
Answer:
A. The household purchase of a new refrigerator will directly lead to an increase in the consumption component of the Gross Domestic Product (GDP). Therefore, the GDP will increase by the amount of refrigerator purchased
Acne company has an agreement with a major credit card company that calls for cash to be <u>a </u><u>variable</u><u> </u><u>cost</u>.
Variable costs are fees that change as the extent of modifications. Examples of variable charges are raw substances, piece-rate hard work, production substances, commissions, shipping fees, packaging materials, and credit card costs. In a few accounting statements, the Variable fees of manufacturing are referred to as the “cost of goods offered.”
A variable cost is a price that adjustments in share to manufacturing output or income. While manufacturing or income boom, variable expenses increase; when production or income lower, variable prices lower.
Variable value system. To calculate variable costs, multiply what it costs to make one unit of your product via the full range of merchandise you've got created. This method looks like this: overall Variable charges = value in keeping with Unit x overall variety of units.
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Deposits outstanding refer to cash receipts that have been documented in the accounting records of the business but have not yet been recorded by the bank.
<h3>What is an Outstanding Deposit?</h3>
A monetary sum that has been recorded by the receiving business but hasn't been recorded by its bank is known as an outstanding deposit. On the recurring bank reconciliation created by the receiving company, all unpaid deposits are reported as reconciling items. The receiving entity's book balance is reduced from these deposits to determine the bank balance.
When a bank reconciliation is conducted, there are often few of these deposits indicated as reconciling items because they are typically just outstanding for one business day.
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