Answer: Pure competition
Explanation:
A Pure competition is a firm of market structure where there are several competitors who sell identical products in the market. It is mostly called perfect competition. The characteristics of pure competition are:
• Identical products are sold in the market hence, no seller can sell something different or better than the others.
• Due to many competitors, the same price is offered as the sellers are price takers.
• There is easy entry and exit as new firms can enter the market easily.
Answer: Yield management pricing
Explanation It can be defined as the strategy in which the company studies and influence consumer behavior with the intent of maximizing profit with the limited amount of resources available.
In the given case, the truckers have limited time and they are getting extra revenue from the website. This will result in maximization of their profit.
Thus, from the above we can conclude that the right answer is option E.
Answer:
b. $248,000
Explanation:
The computation of the cash receipts for October would be
Particulars October
Cash sales $60000
August credit Sales $22000 (10% of $220,000)
September Credit Sales $126000 (70% of $180,000)
October credit Sales $40000 (20% of $200,000)
Budgeted cash receipt $248000
Hence, the correct option is b.
Total variable overhead cost
7,700×7.9
=60,830
Total manufacturing overhead cost
60,830+147,840
=208,670
Predetermined oH rate
208,670÷7,700
=27.1