Answer: The correct answer is choice b - $1,965.
Explanation: The formula for gross profit is sales minus the cost of goods sold. In this case Korey has sales of $3,250, and the cost of these items was $1,285. In order to calculate the monthly gross profit you need to subtract the cost of the goods sold from the sales. $3,250 - $1,285 = $1,965.
Answer: (D) Rites and rituals
Explanation:
Rites and the rituals are one of the type of core values that contribute in the ABC manufacturing for recognize the productivity of each employees on monthly basis. Rituals is basically refers to the activity that involve words and gesture according to the sequence activity.
The performance, traditionalism and the formalism are the characteristics of the rituals. The rituals are different in the community according to their believes.
On the other hand, rites is basically refers to the personal devotion in which the individual can worship and change in the social status.
Therefore, Option (D) is correct.
Answer:
A. Total expenditure on light bulb increases after the tax.
Explanation:
The government has imposed tax on the light bulb production and the new price after the tax is $14. The price before the tax was $12 and the marginal cost before tax was $9. There was a profit of $3 for the producers of the light bulb. The tax burden is shifted to the consumers of the bulb since the marginal price after tax is $12. Total expense for the production of bulb has increased due to tax.
The answer is A. This question is not hard and I recommend you listen more in class.