The expenditure incurred prior to the incorporation of an enterprise is to be considered as a pre-incorporation capital expenditure. The expenditure incurred prior to the 'setting-up of business' is to be considered as a pre-operative capital expenditure.
The calculation to determine the dollar amount of the markup per unit: Total cost per unit times markup percentage per unit.
Total cost, in economics, is the sum of all costs incurred by a company in generating a certain stage of output. Knowledge of the full fee involved in producing their output lets a business have better knowledge of their profitability and efficiency. This may allow an organization to determine whether or not they want to reevaluate their pricing approach, reduce expenses or take different steps to grow their profitability.
Markup percentage is a percent markup over the cost fee to get the promoting price and is calculated as a ratio of gross income to the price of the unit. The amount of markup allowed to the store determines the money he makes from promoting each unit of the product. Better the markup, extra the price to the purchaser, and extra the cash the store makes.
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Answer:
below the break even point, the firm is losing money.
Explanation:
The break even point is the output level at which the firm's revenue equals its costs. Above this level, the firm is operating at a profit, below this level, the firm is operating at a loss.
The formula for calculating break even point in units produced is:
break even point in units = total fixed costs / contribution margin per unit
Answer: True
Explanation:
The Labour Market Regulatory Authority is responsible for regulation of the labour market.
Based on the information given in the question, we can say that Strand will be in compliance with the act. Therefore, the answer is true.
Hello there,
A detailed description of the money your business makes and expends every month for the first year is called a(n)
Answer: A ) cash-flow statement.
