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3 years ago

Compare transnet with a perfect competitor in terms of price and output and profit

1 answer:

6 0

Transnet SOC Ltd is a rail, port, and pipeline company in Johannesburg.

Price: This company is a price maker, therefore, in terms of price, Transnet perfect compitetor is a price taker.

Output: Transnet has the ability to decide the quantity of their output and they have many competitors on this one.

<span>Profit: Transnet might be able to increase their profit but in a competition it would be hard because customers might switch to the competitor. </span>

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3 years ago

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Which of the following would most likely be included as part of manufacturing overhead in the production of a wooden table?A) th

makvit [3.9K]

Answer: Option C

Explanation: Manufacturing overhead refers to the that portion of the cost which cannot be allocated to the units produced in a reasonable manner. These costs are indirectly related to the product manufactured. For example = depreciation, rent etc.

Thus, the cost of glue cannot be allocated to each individual unit produced. As the worker might put a more in one unit and a little less in the other.

Thus, from the above we can conclude that the correct option is C.

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3 years ago

Which of the following actions would likely raise homeowner's insurance premiums? Building the home in the floodplain of a river

natita [175]

Insurance is a coverage that assesses the risk of a certain item/person. If that item/person is in good condition, your insurance will be lower because it's less likely it'll get damaged.
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If you were to instal an alarm, live in a safe neighbourhood or choose not to install a swimming pool you would actually reduce your insurance.
If you have an alarm, you are less likely to have stuff stolen (safer = less risk).
Living in a safe neighbourhood is safer = less risk.
Not installing a pool means your property remains the same value (putting a pool could increase it), higher risk of someone drowning in the pool, or hurting themselves. So by not building the pool, you'll have a safer environment = less risk.

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3 years ago

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4 years ago

Wooderson Company sells many products. Gizmo is one of its popular items. Below is an analysis of the inventory purchases and sa

tankabanditka [31]

Answer:

FIFO COST OF GOODS SOLD$ 239,200

b) Weighted Average Inventory $ 6120

c) LIFO Ending Inventory = $ 5000

Explanation:

Wooderson Company

Periodic inventory system

Units Unit Cost Total Cost

3/1 Beginning inventory 100 $40 $ 4000

3/3 Purchase 60 $50 $ 3000

3/4 Sales 60 $80 $ 4800

3/10 Purchase 200 $55 $ 11000

3/16 Sales 70 $90 $ 6300

3/19 Sales 90 $90 $ 8100

3/25 Sales 60 $90 $ 5400

3/30 Purchase 40 $60 $ 2400

Sales = $ 4800 + $ 6300 + $ 8100 + $ 5400= $ 246,000

Ending Inventory= 120 units

FIFO Ending Inventory= $ 6800

40 units at $60 = $ 2400

80 units at $55 = $ 4400

FIFO COST OF GOODS SOLD= SALES Less FIFO Ending Inventory

= $ 246,000- $ 6800= $ 239,200

b) Weighted Average Inventory= (Total Cost / Total Units) Ending Units= (20,400/ 400) * 120 = $ 6120

c) LIFO Ending Inventory = $ 5000

100 units at $40 = $ 4000

20 units at $ 50= $ 1000

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3 years ago