Answer: A hire purchase is a system by which one pays for a thing in regular instalmentsinstallments while having the use of it.
A credit sale is a purchases made by customers for which payment is delayed.
Answer:
Break-even point= 3429 units
Explanation:
Giving the following information:
Total Units for information given 7,000.
Fixed Cost per Unit $150
Selling Price per Unit $ 475
Variable Costs per Unit $125
Target Operating Income $ 150,000
Break-even point= fixed costs/ contribution margin
Break-even point= (150*7000 + 150,000) / (475 - 125)= 3429 units
Answer:
<em>OPTION (D)</em>
Explanation:
<em>Invisible hand also refer to OPTION (D), </em>which states that marketplace have to guide the self-interests of participants at market to further encourage the well being of normal economic.
Invisible hand is basically a benefit socially, and it cant be seen but manages the economy of the market. And it also gives rights and supports the demand and as well as supply of the products in a market which is free.
Answer:
$1200
Explanation:
Gross Domestic Product (GDP) is the total market value of all of the final goods and services produced in a country over a particular period of time.
The contribution to GDP can be determined by adding the value created by each of the economic agents involved in the creation of the final goods and services
Arthur = 100 = 100
Bob = 300 - 100 = 200
Camille = 700 -300 = 400
Donita = 1200 - 700 = 500
Total Value 100 +200 +400 +500 = $1200.
You will observe that it is the same as the value of the final good i.e dress. In the production process, other goods involved are referred as intermediate goods
