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frozen [14]
3 years ago
9

Medzone Inc., a pharmacy company, has collaborated with Bit Corp., a food manufacturing company, to come up with a third company

, MedBit Inc. This new company manufactures nutritious food and snacks with added vitamins and minerals. In this context, MedBit Inc. is a _____.
Business
1 answer:
kodGreya [7K]3 years ago
3 0

Answer:

MedBit Inc. is a joint venture company.

Explanation:

A joint venture is an entity established by two or more existing entities for a purpose.

Medzone Inc. and Bit Corp will jointly share from the business outcomes of this third entity, which is legally separate from the two.

Reasons for forming joint venture companies include to combine expertise, reduce costs, and leverage resources.  Medzone Inc. and Bit Corp must have considered these advantages in setting up MedBit Inc.

The purpose of all ventures is the creation of value for stakeholders.  Where two or more entities consider that they can achieve more value creation, they can come together to do so.

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7) Dynozz Corporation currently produces cardboard boxes in an automated process. Expected production per month is 15,000 units,
DanielleElmas [232]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Variable cost:

Direct material= $0.50 per unit

Fixed cost:

Fixed overhead= $15,000

Total cost for 10,000 units:

Variable cost= 0.50*10,000= 5,000

Fixed costs= 15,000

Total cost= $20,000

Total cost for 15,000 units:

Variable cost= 0.50*15,000= 7,500

Fixed costs= 15,000

Total cost= $22,500

8 0
3 years ago
Business messages usually conclude with a Multiple choice question. summary. supporting reasons. call to action. primary message
belka [17]

Business messages usually conclude with a call to action.

<h3>What are business messages?</h3>

These are the ways through which companies and business have to communicate with one another.

The mediums through which they communicates includes:

  • SMS
  • Emails
  • Fax
  • Social media.

The companies and their customers use the messages as a way of interacting and having their needs met.

Such messages have contents that are directly related to the business.

Read more on business messages here:

brainly.com/question/5506518

3 0
2 years ago
Brandon grew up working on a farm but went to school to become an accountant. He decides to put all of his knowledge to work.
Angelina_Jolie [31]

Answer:B. Running his own small farm.

Explanation:

Having got the exprience in running a farm, couple with his financial and managerial knowledge from Accounting will help him to be successful.

8 0
3 years ago
During a recent​ month, Canon Company planned to provide cleaning services to 30 customers for $ 26 per hour. Each job was expec
prisoha [69]

Answer:

$1,950 more than expected

Explanation:

In this question ,we have to compare the revenues based on expected and the actual

So, the expected revenues would be

= Number of customers × per hour rate × expected time spent

= 30 customers × $26 × 8 hours

= $6,240

And, the actual revenues would be

= Number of increased customers × per hour rate × average time spent

= 42 customers × $26 × 7.5 hours

= $8,190

The revenue is increased by

= $8,190 - $6,240

= $1,950 more than expected

This is the answer but the same is not provided in the given options

7 0
3 years ago
After writing off a $300 account balance for Ballman Company using the allowance method, Ballman Company sends in the payment. T
makvit [3.9K]

Answer:

The journal entry is shown below:

Explanation:

The journal entry for writing off the amount through using the Allowance Method is as:

Allowance for Bad debts A/c.............................Dr   $300

             Accounts Receivable A/c...........................Cr   $300

While writing off the amount of bad debt, the allowance for bad debts account is debited against the accounts receivable account.

The journal entry which is to be recorded for reversing the write off through using the Allowance Method:

Accounts Receivable A/c...........................Dr   $300

     Allowance for Bad debts A/c......................Cr   $300

So, for reversing the original entry would be reversed, which means the accounts receivable account is debited as the payment is received and the bad debts got decrease, which means the allowance for Bad debts is credited.

5 0
3 years ago
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