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A short-necked recyclable beer-bottle with a rounded body; the word is a nickname for a person who is short and fat. It used to be 12 Imperial ounces [341 ml] (3/5 of an Imperial pint), like the Canadian "stumpy" beer bottles. It was rounded down to 340 ml when South Africa converted to the metric system in 1970.
A "flat rate" (more accurately known as fixed rate) for electricity is a fixed price per unit , not a fixed price per month, and thus different from that for other services. An electric utility that charges a flat rate for electricity does not charge different rates based upon the demand that the customer places on the system.
If the fixed costs were, say, $1000 per month for rent, insurance and owner's salary, the company could therefore sell 5 coaches per month for a total of $3000 (priced at $600 each), or 10 coaches for a total of $4500 (priced at $450 each), and make a profit of $500 in each case.
Total revenue = sales price × number of unit. These are linear because of the assumptions of constant costs and prices, and there is no distinction between units produced and units sold, as these are assumed to be equal. Note that when such a chart is drawn, the linear CVP model is assumed, often implicitly. In symbols:
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A Cape foot is a unit of length defined as 1.0330 English feet (and equal to 12.396 English inches, or 0.31485557516 meters) found in documents of belts and diagrams relating to landed property. [1] It was identically equal to the Rijnland voet and was introduced into South Africa by the Dutch settlers in the seventeenth and eighteenth century ...
Cost-plus pricing is where the price equals cost plus a percentage of overhead or profit margin. In business economics , the profitability of a trade or sales prospect relies on the ability of an enterprise to sustain market prices that cover all costs and leave a surplus for owner interest, as expressed by:
The consumer price index (CPI) is the official measure of inflation in South Africa. One variant, the consumer price index excluding mortgage costs (CPIX), is officially targeted by the South African Reserve Bank [ 1 ] and a primary measure that determines national interest rates.