Jamal is using <u>markup percentage</u> to calculate the cost of production and add a percentage.
<h3><u>Explanation:</u></h3>
When the company provides either goods or services, there are factors that need to be considered during pricing. These factors include the profit the company wishes to generate, cost of production and many more. Markup is the difference between goods or services selling price and the its original cost and it is represented as a percentage.
The markup provides the manufacturer or service-provider with profit since it is the amount added to total cost of the goods or services. The significance is to ensure that the company can make a decent gross profit.
Answer:
2) strategic positioning
Explanation:
Based on the scenario being described within the question it can be said that they have most likely been able to provide this through strategic positioning. This term refers to the way in which a company sets itself apart from the competition in a market and provides value to their customers. Allowing them to make specific decisions based on their position. Such as FindFor is able to provide all of their online services.
Answer:
The note will be stated as a long term liability on the balance sheet of the company.
Explanation:
Long term liability is the financial responsibility of the business which is due for more than a year in the future. The present portion of the long term debt which is separately listed in order to provide a more accurate view of the liquidity and the ability of the company to pay the current liabilities as they become due.
Company borrowed $10,000 from bank by singing a note of 2 year. This would be considered as the long term liability.
Answer:
The correct answer is letter "B": Only two points are used to develop the cost function.
Explanation:
In cost accounting, the High-Low Method is used to separate fixed and variable costs using the minimal quantity of information possible. Implementing this approach means taking the highest level of production and the lowest level of production and compare the costs at each point. The Least Squares Method, instead, is a set of complex mathematical calculations considering a wider number of dependent variables.
A country that can sell its products at a lower cost because it has lower standards for emissions from manufacturing facilities is making use of predatory dumping .
What Is Predatory Dumping?
- A form of anti-competitive behavior known as predatory dumping involves a foreign corporation underpricing its goods in an effort to stifle domestic competition.
- The corporation may eventually establish a monopoly in its chosen market by outpricing competitors.
What is an example of predatory dumping?
- Predatory dumping is regarded as a dishonest commercial practice. When a business is completely informed of its actions and goals, it happens.
- A glaring example is the onslaught of Chinese goods entering numerous international markets via physical storefronts, online, and marketplaces like E - Commerce company .
Learn more about predatory dumping
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