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frozen [14]
4 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]4 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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___________ is/are treated as receivables if collected from employees or deducted from their salaries.
dangina [55]
Payments is the correct word for the blank
6 0
3 years ago
The Ascent, a mountain bicycle manufacturer, has been in the bicycle industry for a year now. The CEO wishes to better the compa
Alinara [238K]

Answer: e. generating alternative goals and plans.

Explanation:

The step in formal planning process is the CEO performing when he debates between opening a new branch and reducing the prices is referred to as generating alternative goals and plans.

Here, the CEO wants to increase the sales of the company and in an attempt to do that he's considering different alternatives in order to know and decide which one will be best for the company to undertake. This means he is generating alternative goals and plans.

Options A-D are wrong as the CEO isn't monitoring, controlling or implementing any plan. Option E is the right answer.

6 0
3 years ago
Shelton, Inc. has sales of $435,000, costs of $216,000, depreciation expense of $40,000, interest expense of $21,000, and a tax
Ad libitum [116K]

Answer:

The Income Statement  is-

Sales = $435,000

Costs = 216,000

Depreciation = 40,000

EBIT= $179,000

Interest = 21,000

EBT = $158,000

Taxes = 55,300

Net income = $102,700

I have done this question before in my "Money Management" Dual enrolled class.

:)

4 0
3 years ago
Use the following statement to answer parts ​a) and​ b). Five hundred raffle tickets are sold for​ $3 each. One prize of ​$200 i
vazorg [7]

Answer:

A.) - 2.6

B.) 0.4

Explanation:

Ticket price = $3

Winning price = $200

Probability of winning(Pwin) = (1/500)

Probability of not winning (Ploss) = [ 1 - (1/500)] = 499/500

Net income if Raul wins (Nwin) = $200 - $3 = $197(no refund)

Net loss if Raul does not win(Nloss) = - $3

A.) Expected value is calculated by;

(Pwin × Nwin) + (Ploss × Nloss)

((1/500) × 197) + ((499/500) × - 3)

0.394 - 2.994 = - 2.6

B.) Fair Value is calculated by;

Cost of ticket + Expected value

3 - 2.6 = 0.4

5 0
3 years ago
Ajax Inc. is one of the customers of a well-known linenmanufacturing company. Ajax has not ordered linen in some time, but when
WARRIOR [948]

Answer:

False, its score should be 155.

Explanation:

RFM analysis scores customers on a ranking that goes from 1 - 5, with 5 being the best parameter (555 is the ideal customer). The factors used in a RFM analysis are recency, frequency, and monetary value.

Companies perform RFM analysis based on the idea that 80% of the company's total business comes from only 20% of its customers.

In this case, Ajax would get:

  • 1 for recency since it hasn't purchased anything in a long time,
  • 5 for frequency because when it used to purchase goods, they did it quite frequently
  • 5 for monetary value because they were the largest sales
7 0
3 years ago
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