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Snacks and Cold Drinks are much more expensive at airports and multiplexes than in a retail shop, even though they cost a similar amount to producers”. Is this scenario realistically feasible? Which market structure(s) do you think this is commonly observed? How would you explain the producer behavior in such markets? Logically analyze your argument and draw graphs if necessary.
Damon is employed as a manager with REDL which conducts a property development business in HK. Damon provided the following information relating to the year ended 31/3/2022:
(1) Damon’s basic salary: $60,000 per month.
2) REDL purchased a medical insurance policy for Damon and his family at a cost of $16,000. Damon received a reimbursement of medical expenses from medical insurance scheme which cost him $12,000.
(3) REDL rented a property at a monthly rent of $15,000 starting from 1/6/ 2021 for a two-year period and provided this property rent-free to Damon.
(4) REDL provided Damon with two round-trip tickets to Paris for a holiday. The air tickets cost REDL $30,000, and Damon could sell them for $20,000.
(7) Damon’s stepmother (aged 54) lives in a registered nursing home in Shatin. The nursing home expenses of $10,000 per month were paid by Damon.
(8) Damon and his wife made cash donations totaling $10,000 to various approved charities.
(9) During the year, Damon contributed $18,000 to the MPF.
Describe any 6 types of bonds that are used to source funds for enterprise.
In respect to financial management compare and contrast money and capital markets.
Discuss any 5 attributes of continuous markets.
If the cost of producing an inferior product rises and peoples income increases at the same time the equilibrium will?
1
Oct1, 2020 Business owner Samuel Smith
input $5000 cash and $3000 office equipment
into the business
2
Oct5, 2020 Business paid 6 month
insurance for $3,000, paid in cash
3
Oct7. 2020 Business received the
customer money $6,300 for the services to be
perform in the near future
4
Oct10, 2020 Business bought $2,100
office supplies on credit
5
Oct13, 2020 Business bill the customer
$3,000 for the services completed
6
Oct15, 2020 Business found the defective
office supplies $300 from the Oct10 purchase,
returned them back to supplier
7
Oct16, 2020 Business provided the
services for Transaction#3
8
Oct20, 2020 Business paid the owin
amount from Transaction#4
Which of the following statements is/are correct?
a. In inflationary times the function of money as a store of value is undermined.
b. An individual’s income will always be equal to the amount of money he or she possesses.
c. The most basic function of money is that it serves as a medium of exchange.
[1] All the statements are correct.
[2] a and b
[3] a and c
[4] b and c
[5] a
The budgeted and standard data for productivity include the following
Direct labour
Ten employees work for 45 hour a week. The standard rate of pay is ksh 4 per hour. Output per hour is 40 kg of the product.
Direct material
Material quantity kg price per kg
X 60 2.00
Y 40 1.00
Z 100 1.40
From this standard matrix 180 kg of product is expected
Actual data for first week in April were as follows
Hours worked 45
Rate of pay ksh 4 per hour
Overhead incurred ksh 5400
Output 1980 kg
Production and consumption of materials were as follows:
Material Quantity (kg)
X 700
Y 440
Z 1120
Required
Calculate the following direct material variance for each material (10mks)
Total
Price
Usage
mix
Calculate the direct labor efficiency variance (10mks)
1. A laptop manufacturer produces ‘𝑥’ sets per week at total cost of
𝑅𝑠. (2𝑥/25+ 3𝑥 + 100). He is a monopolist and the demand for his product
is: 𝑥 = 75 − 3𝑝, where 𝑝 is the price in rupees per set. Shoe that the
maximum revenue is obtained when about 30 sets are produced per week.
What is the monopoly price?
