Answer: should be reported at $70,000.
Explanation:
Gross profit is the profit that is made by a business after the costs that are used during production has been deducted from the revenue gotten from sales. Therefore, the gross profit will be:
Sales revenue = $200,000
Less: cost of goods sold = $130,000
Gross profit = $200,000 - $130,000 = $70,000
Therefore, the gross profit should be reported at $70,000
Answer: b. Core competencies
Explanation: A company's core competencies are the characteristics of the company that makes them stand out from competition. In other words, they are combination of multiple resources, knowledge, expertise and skills that differentiates them in the marketplace thereby forming a basis for competitiveness.
To be classified as a core competency, the activity must provide superior value or benefits to the end-user, should be difficult to replicate or imitate by a competitor and sometimes rare.
The lawyer should make a motion for summary judgment.
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Explanation:</u></h3>
A motion for summary judgement can be considered as a request that is made to the court for ruling other party that it has no case since there were no facts on the case. When the party makes the motion, it claims that the jury must rule in the moving party's side or the case should not move before a jury.
A party can involve in filing a motion for summary judgment when the party feels that there are no facts in the case or problem. In the example given, there exists no evidence against the doctor and hence no jury can rule in favor of the plaintiff. Thus, the Doctor's lawyer should make a motion for summary judgment.
Answer:
false
Explanation:
a differentiator will always benefit when products have become commoditized