QUESTION 21 Standby passengers on airlines who pay low rates for seats benefit from the low price. How are the airlines affected? a. They lose, because the standby passengers do not cover the full cost of the seats. b. They gain, because the additional revenue covers the "fixed costs" of the flight. c. They benefit as long as the additional revenue from the passengers exceeds the marginal cost. d. They lose, because the gain of the passengers must necessarily come at the expense of the airline.

Sharapova Wholesalers offers Umhlanga Traders credit terms of 30 days but the wholesaler will allow a discount of \( 2 \% \) if the account is settled in full within 12 days Use the information given above to determine the cost to Umhlanga Traders (as a percentage) of

George invests R 800 at \( 10 \% \) p.a. simple interest. After 2 years the interest rate changes to \( 12 \% \) p.a. Determine the final amount which he will receive after 5 years.

(b) A dealer purchased some goods marked at ₹ 2,000 at a discount of \( 20 \% \) and \( 5 \% \). He sells the same at a discount of \( 15 \% \) and \( 5 \% \). Find the amount of gain or loss to him.

Fantasy Suppliers anticipates annual sales of 60000 units at R40 per unit, a purchase price of R30 per unit, an ordering cost of R2 per order, and a carrying cost of 10 percent of the purchase price.

Using examples, discuss the main users of financial statements?